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As of 7:24 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

elbit imaging ltd (EMIT) Snapshot

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04/21/13 - $908.00
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02/23/14 - $55.00
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elbit imaging ltd (EMIT) Details

Elbit Imaging Ltd., together with its subsidiaries, engages in commercial and entertainment centers, hotels, medical industries, residential projects, and fashion apparel businesses. It is involved in the initiation, construction, and sale of shopping and entertainment centers, as well as other mixed-use real property projects, such as offices, residential units, conference centers, and leisure facilities in Central and Eastern Europe, and India; and residential and other mixed-use real property projects located primarily in India. The company also operates and manages hotels. In addition, it engages 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 is involved in the distribution, marketing, and retail of fashion apparel and accessories under the MANGO-MNG brand name. It operates 27 stores in Israel. The company was formerly known as Elbit Medical Imaging Ltd. and changed its name to Elbit Imaging Ltd. in November 2007. Elbit Imaging Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.

Founded in 1996

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elbit imaging ltd (EMIT) Key Developments

Elbit Imaging Ltd. Announces Mordechay Zisser Will Not Continue as Chief Executive Officer and Executive President, Effective March 31, 2014

Elbit Imaging Ltd. announced that the company has formally notified Mr. Mordechay Zisser that he will not continue as the company's chief executive officer and executive president, effective March 31, 2014. The term of the agreement between the company and Europe Israel (M.M.S.) Ltd. for the provision of management services by Mr. Zisser expired on August 1, 2013, and the term of the agreement between the company and Control Centers Ltd. for the provision of coordination, planning, execution and supervision services to the company's and its subsidiaries' and/or affiliates' real estate projects expired on May 31, 2011, but it continued to apply to certain real estate projects that commenced prior to such date. The company is in preliminary discussions regarding the possible engagement of Mr. Zisser as a consultant to the company.

Elbit Imaging Ltd. Auditor Raises 'Going Concern' Doubt

Elbit Imaging Ltd. filed its 6-K on Mar 31, 2014 for the period ending Dec 31, 2013. In this report its auditor, Brightman Almagor Zohar & Co, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Elbit Imaging Ltd. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2013

Elbit Imaging Ltd. reported audited consolidated earnings results for the year ended December 31, 2013. For the period, the company reported total revenue of ILS 360,597,000 against ILS 418,481,000 a year ago. Total revenues and gains were ILS 490,345,000 against ILS 628,909,000 a year ago. Loss before income taxes was ILS 1,598,981,000 against ILS 588,022,000 a year ago. Loss from continuing operations was ILS 1,567,044,000 or ILS 46.49 per diluted share against ILS 578,810,000 or ILS 16.64 per diluted share a year ago. Profit attributable to equity holders of the Company was ILS 1,155,645,000 or INR 46.42 per diluted share against ILS 315,746,000 or INR 12.69 per diluted share a year ago. Net cash used in operating activities was ILS 16,873,000 against ILS 315,789,000 a year ago. Purchase of property plant and equipment, investment property and other assets were ILS 22,363,000 against ILS 15,514,000 a year ago.


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