Property group Africa Israel Q2 loss widens on Russian mall

August 27, 2015 1:05 PM

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TEL AVIV Aug 27 Israeli real estate developer Africa Israel Investments posted a wider loss in the second quarter due to a decline in revenue at its mall in Russia and the impact of the euro's weakness against the shekel.

The company said on Thursday it had a net loss of 179 million shekels ($45.6 million) in the quarter, compared with a loss of 66 million a year earlier.

Also read: Russian Central Bank: Hackers Stole $31 Million From Correspondent Accounts

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