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oup under the July 2005 (Stage B) transactions, and to the sale of the Sandton Hotel in Johannesburg, South Africa.
Revenues from hotels operations and management increased to NIS 395.2 million (US$ 102.8 million) as compared to NIS 351.6 million reported last year. This increase is attributable to a consistent increase in revenues and high occupancy at our hotels in the United Kingdom, Belgium, Holland and Romania.
Costs and expenses from hotels operations and management increased to NIS 330.1 million (US$ 85.8 million) compared to NIS 308.6 million reported last year. This increase is attributable mainly to an increase in the operations of the hotels segment, as mentioned above, offset by the improving efficiency in the control of the segment's expenses.
Revenues from sale of medical systems decreased to NIS 49.6 million (US$ 12.9 million) compared to NIS 85.8 million reported last year. This decrease was mainly due to decrease in number of systems sold compared with last year.
Costs and expenses of medical systems operation decreased to NIS 69.9 million (US$ 18.2 million) compared to NIS 71.7 million reported last year.
Revenues from sale of fashion merchandise is attributed to the operations of Elbit Trade & Retail Ltd. (previously "Mango") which increased to NIS 68.1 million in 2007 (US $17.7 million) compared to NIS 58 million reported last year. This increase is attributed mainly to the opening of 7 new stores by Elbit Trade & Retail Ltd. during 2007
Cost and expenses of fashion merchandise increased to NIS 80.3 million (US$ 20.8 million) compared to NIS 67.8 million reported last year. This increase was attributable mainly to increase in retail operations of Elbit Trade & Retail Ltd. as mentioned above
Gain from decrease in shareholding of invstees was NIS 5.3 million (US$
1.3 million) as compared to NIS 667.0 million reported last year. The gain
in 2007 is attributable to a gain consequent upon a decrease in
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| SOURCE Elbit Imaging Ltd. Copyright©2008 PR Newswire. All rights reserved |
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