IDB Loss Widens, Carries 'Going Concern’ Warning

Much of the red ink was attributable to a 187 million shekel loss at Discount. Clal Insurance added another 88 million shekels of red ink.

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IDB Development Corporation ended the second quarter with a 365 million shekel ($102 million) loss, widening from 53 million shekels a year ago, the flagship company of the IDB group reported this week.