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Military projects boost Israeli shipyards: Revenues in the quarter rose 21.6%

25.08.26|Hofit Cohen Ulay

The group's revenues totaled NIS 428.5 million in the second quarter, and net profit jumped 22-fold to NIS 15.6 million; the shipyard's activity benefited from progress in military projects and the order backlog reached NIS 2.52 billion, while maritime transport recorded a decline in revenue