Restructuring holds back Koor
KOOR INDUSTRIES, Israels biggest holding company, reported revenues down 13% during the first quarter of 1999 with the blame falling on its restructuring.
Revenues fell from US$741 million (£463m) in the first quarter of 1998 to $644m during the quarter this year.
Net income was up slightly over the same period from $10m to $11m.
Part of the companys restructuring has been a refocusing on agrochemicals.
- Financial Times 25/05/99 page 28