IDB Holding reports NIS 960m loss for 2012
Nochi Dankner's group embarks on cuts to expenses seen as extravagant.
Nochi Dankner's IDB Holding, the publicly-traded company at the top of the IDB group's corporate pyramid, finished 2012 with a loss of NIS 960 million attributed to shareholders. For the fourth quarter of 2012, however, it reported a net profit of NIS 13 million.
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