Last 790.00
Change Today +27.40 / 3.59%
Volume 12.9K
As of 3:32 AM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

elbit imaging ltd (EMIT) Snapshot

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01/5/14 - $9,540
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11/25/14 - $745.00
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elbit imaging ltd (EMIT) Details

Elbit Imaging Ltd., together with its subsidiaries, is engaged in commercial and entertainment centers, hotels, medical, residential projects, and fashion apparel businesses in Israel, Western Europe, Central and Eastern Europe, and internationally. The company operates through Hotels, Commercial Centers, Medical Industries, Fashion Apparel, and Residential segments. It initiates, constructs, and sells commercial and entertainment centers, as well as other mixed-use real property projects, such as offices, residential units, conference centers, and leisure facilities; and residential and other mixed-use real property projects located primarily in India. The company also operates and manages hotels. In addition, it is involved in the research and development, production, and marketing of magnetic resonance imaging guided focused ultrasound treatment equipment; and development of stem cell population expansion technologies, and stem cell therapy products for transplantation and regenerative medicine. Further, the company distributes, markets, and retails fashion apparel and accessories under the MANGO-MNG brand name. It operates 28 stores in Israel. The company was founded in 1996 and is headquartered in Bnei Brak, Israel.

Founded in 1996

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elbit imaging ltd (EMIT) Key Developments

Elbit Imaging Announces Compliance With Nasdaq Minimum Bid Price

Elbit Imaging Ltd. announced that the Nasdaq Global Select Market (Nasdaq) has notified the Company it has regained compliance with Listing Rule 5450(a)(1) which requires that listed stocks maintain a closing bid price in excess of $1.00 per share.

Elbit Imaging Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Elbit Imaging Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total income revenues and gains of ILS 129,412,000 compared to ILS 123,783,000 a year ago. Loss before tax was ILS 493,976,000 compared to ILS 468,717,000 a year ago. Loss from continuing operations was ILS 490,898,000 compared to ILS 472,356,000 a year ago. Loss attributable to equity holders of the company was ILS 339,474,000 compared to ILS 333,292,000 a year ago. For the six months, the company reported total income revenues and gains of ILS 238,638,000 compared to ILS 237,376,000 a year ago. Profit before tax was ILS 987,159,000 compared to loss before tax of ILS 582,887,000 a year ago. Profit from continuing operations was ILS 982,729,000 or ILS 2.92 per basic and diluted share compared to loss from continuing operations of ILS 581,321,000 or ILS 17.29 per basic and diluted share a year ago. Profit attributable to equity holders of the company was ILS 1,160,910,000 or ILS 2.92 per basic and diluted share compared to ILS 432,570,000 or ILS 17.39 per basic and diluted share a year ago. Net cash provided by operating activities was ILS 48,553,000 compared to net cash used in operating activities of ILS 4,366,000 a year ago. Purchase of property plant and equipment, investment property and other assets ILS 6,289,000 compared to ILS 12,973,000 a year ago.

Elbit Imaging Ltd. Amends Memorandum and Articles of Association

Elbit Imaging Ltd. announced that at its annual general meeting of shareholders held on August 14, 2014, pursuant to the approval of the company's shareholders, on August 21, 2014 the company's Memorandum and Articles of Association will be amended to reduce the company's authorized share capital from 700,000,000 ordinary shares, no par value, to 35,000,000 ordinary shares, no par value.


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