Israel Electric Corp. Reports Q1 Net Loss of $99.4 Million

Revenues grew by 4.8% in first quarter thanks to price hike, but mild winter caused a drop in demand.

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The state-owned Israel Electric Corporation started the year in similar loss-making fashion to previous years, ending the first quarter of 2014 with a net loss of 347 million shekels ($99.4 million). That...
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