Migdal Reports Stable Quarterly Profit with 5% Growth in Core Operations

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Migdal Insurance posted a net profit of 575 million shekels this quarter, nearly unchanged from last year, with core business profit rising 5%. The company's half-year profit increased 9% to 897 million shekels.

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Migdal's quarterly net profit reached 575 million shekels, nearly flat year-over-year.
Core business profit grew by 5% in the reported quarter.
Half-year profit increased 9% to 897 million shekels from 825 million shekels.
The slight overall profit growth contrasts with stronger core activity gains.
The report reflects steady financial performance for Migdal in the insurance sector.

Migdal Insurance announced a net profit of 575 million shekels for the quarter, marking a slight increase of less than one percent compared to the same quarter last year. The company highlighted a 5% growth in profit from its core business activities during this period. For the first half of the year, Migdal's total profit reached 897 million shekels, up 9% from 825 million shekels in the corresponding half of the previous year.

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