IAI releases improved financial results for 3rd Quarter of 2013

IAI reported net profits for the 3rd quarter increased to $57.9m, compared to $37.5m in the 3rd quarter of 2012 – an increase of 54%. Profit before tax totaled $80.7m, compared to $50.3m in the parallel period of last year – an increase of 61%. Company revenues for the 3rd quarter of 2013 were the highest for the last five years, and totaled $643.3m, compared to $605.8m in the parallel quarter of last year – an increase of 6.2%. Cash flow from regular Company activities during the 3rd quarter of 2013 rose to $56.1m, compared to a cash flow of $13.3m in the parallel quarter of 2012, and to $184.6m in the first nine months of 2013. Capital as of the 30th September 2013 totaled to $169.4m, compared to $135.8m as at 31st December 2012.