Income of 500 biggest firms up 8.5%
BDI Coface ranking shows income of Israeli economy's leading companies totaled NIS 885 billion in 2010. Teva ranks first with NIS 60 billion in income
According to the business information company, the income of the 500 leading companies totaled NIS 885 billion (about $260 billion) last year, compared to NIS 816 billion ($240 billion) in 2009.
According to the figures, Teva is the biggest Israeli company with an income turnover of more than NIS 60 billion ($17.5 billion), compared to NIS 54.6 billion ($16 billion) the previous year. In 2010, Teva employed 39,660 workers.
Delek Petroleum ranked second with an income turnover of NIS 32 billion ($9.45 billion), compared to NIS 25.4 billion ($7.5 billion) in 2009, and 8,000 workers.
The Israel Electric Corp. ranked third with NIS 19.4 billion ($5.7 billion) in income compared to NIS 18.7 billion ($5.5 billion) in 2009, and 12,677 workers.
Bank Hapoalim ranked fourth with NIS 12.9 billion ($3.8 billion) in income compared to NIS 12 billion ($3.5 billion) in 2009, and 13,605 workers.
Israel Chemicals ranked fifth with NIS 21.2 billion ($6.3 billion) in income compared to NIS 18 billion ($5.3 billion) in 2009, and 11,035 workers.
Milk manufacturers maintained or increased their income as well last year: Tnuva, ranked 22nd, recorded an income of NIS 7 billion ($2 billion) in 2010, similar to its income in 2009, and employed 6,050 workers.
Strauss ranked 21st with NIS 6.8 billion ($2 billion) in income, compared to NIS 6.4 billion ($1.9 billion) in 2009, and with 13,883 workers.
The Central Bottling Company Group, which owns Tara, ranked 33rd with NIS 4.5 billion ($1.32 billion) in income, compared to NIS 3.9 billion ($1.15 billion) in 2009, and 6,500 workers.
The figures also show that in 2010, the 500 leading companies employed a total of 880,000 workers. The income of the economy's 500 biggest companies made up 65% of the business sector's proceeds, excluding the diamond sector.
Some 56% of the leading companies are private, 40% of them are listed on the Tel Aviv Stock Exchange, and only 3.6% are government-owned. About 43% of them are in the industry category, 24% in commerce, 14% in services, 5% in construction, and 14% in other fields.
Rating of leading companies
Services: Bezeq ranked first in this category (and seventh in the general ranking) with a sales turnover of more than NIS 12 billion ($3.5 billion) and 7,216 workers. Zim Integrated Shipping Services ranked next (18 in the general ranking) with NIS 13.8 billion ($4 billion) in income. Partner Communications ranked third (25th in the general ranking) with NIS 6.7 billion ($2 billion) in income.
Industry: Teva ranked first in this category (and first in the general ranking), Israel Chemicals second (fifth in the general ranking) and Israel Aerospace Industries third (eighth in the general ranking) with NIS 11.7 billion ($3.45 billion) in income.
Commerce: Delek Petroleum ranked first in this category (second in the general ranking). The Alon fuel company ranked second (13th in the general ranking) with an income turnover of more than NIS 19 billion ($5.6 billion) and 2,500 workers. Paz came in third (14th in the general ranking) with NIS 15 billion ($4.4 billion) in income.
Infrastructure: Israel Electric Corp. ranked first in this category (third in the general ranking), Oil Refineries ranked second (ninth in the general ranking) with NIS 25 billion ($7.4 billion) in income, and water company Mekorot ranked third (43rd in the general ranking) with NIS 4.3 billion ($1.3 billion) in income.
Banking: Bank Hapoalim ranked first in this category (fourth in the general ranking), and Bank Leumi ranked second (sixth in the general ranking) with an income turnover of NIS 11.5 billion ($3.4 billion). Bank Leumi ranked first in this category in terms of total assets and net profit.
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