IEC lost NIS 249 million in Q1 2013

Things are looking up for the Israel Electric Corporation, which experienced losses of NIS 249 million in the first quarter of 2013, according to information from the company. This is a substantial improvement over the same quarter last year, when the company recorded a loss of NIS 1.83 billion.

The data also revealed that the company's revenues from electricity sales were NIS 6.3 billion in the first quarter. (Avital Lahav)