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Elbit Imaging Ltd. Announces Second Quarter Results for 2008
Date:8/31/2008

of medical

systems 28,914 27,039 17,524 6,517 49,648 8,626

Decrease in

shareholding of

subsidiaries - - - - 5,310 -

Sale of fashion

merchandise 45,969 28,214 27,796 15,106 68,139 13,714

-------- -------- -------- -------- --------- --------

691,477 860,853 496,318 298,763 3,498,561 206,289

-------- -------- -------- -------- --------- --------

Costs and expenses

Commercial

centers (1) 319,206 473,004 278,400 49,450 1,714,253 95,229

Hotels operations

and management 166,687 164,215 85,061 82,633 330,063 49,728

Cost and expenses

of medical systems

operation 29,257 33,069 14,274 15,306 69,953 8,728

Cost of fashion

merchandise 53,660 35,055 30,963 17,642 80,308 16,008

Research and

development

expenses, net 33,779 33,562 17,613 17,420 69,559 10,077

General and

administrative

expenses 27,344 34,532 18,793 18,116 116,992 8,157

Share in losses of

associates, net 7,820 8,112 5,502 3,616 12,667 2,333

Financial expenses,

net 5,460 26,433 (6,653) 3,779 140,926 1,629

Other expenses, net (933) 2,028 922 5,502 38,233 (278)

-------- -------- -------- -------- --------- --------

642,280 810,010 444,874 213,464 2,572,954 191,611

-------- -------- -------- -------- --------- --------

Profit before

income taxes 49,197 50,843 51,444 85,299 925,607 14,678

Income taxes

(tax benefits) (271) 2,854 (3,326) 3,133 16,288 (81)


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SOURCE Elbit Imaging Ltd.
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