Elbit Imaging Reports Wider Q3 Loss Vs. Year Ago

Elbit Imaging fell 1.4% in Friday’s afternoon trade after the company said that for Q3, its loss widened from the prior year period even as revenue rose 42.5% year-over-year.

The real estate company posted a Q3 net loss of ILS35.6 million or about $9.3 million, widening from the prior-year period’s loss of ILS2.4 million. Revenue was ILS44.6 million, up from ILS31.3 million in the same quarter last year.

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