, founded in 1909, maintains a diversified holding portfolio of business enterprises including the publishing of a major Hebrew language daily newspaper, other forms of commercial media, insurance, real estate, development, hotels, leisure products and income properties.
The consolidated balance sheet of ILDC
and its subsidiaries on March 31, 2001 totaled NIS 4,722 million, compared to NIS 4,627 million on December 31, 2000 and compared to NIS 4,179 million on March 31, 2000.
Members point to several factors that they claim separate ILDC
from other buying groups and keep their companies on the competitive edge.
Ron Weisberg, the CEO of ILDC
, said that the significant improvement in the operating income of the communications business, particularly the profits of Maariv - Modiin Publishing House and Rapid Ltd.
During the first nine months of 2000 ILDC
registered a significant improvement in operating income, including from the operations of its subsidiaries, which totaled NIS 100.
During the first quarter of the year ILDC
paid NIS 40 million as
the "Company"), International Long Distance Corporation ("ILDC
") and certain stockholders of ILDC
Stockholders"), the Company acquired 4,529,054 or 82.
Taps SAVVIS Bandwidth, with Multiple Quality of Service (QoS)
Consolidated net profit of the ILDC
Group for the quarter ended March 31, 2000 was NIS 26.
Based on the outstanding share capital of ILD Hotels today, ILDC
is expected to report a capital gain of approximately NIS 20 million in the year 2000 as a result of the completion of this transaction.
51% of the shares of "ILD Hotels"; the size of the transaction is estimated at US $27 million, Ron Weissberg, acting CEO of ILDC
Ron Weissberg, Vice President and Chief Financial Officer of ILDC
was appointed acting-Chief Executive Officer and on October 24, 1999, Mr.