Home | Business News | Browse by Publication | P | PR Newswire

Carmel Container Systems Ltd. Reports Results for the Quarter Ended September 30, 2004 and Board of Directors' Resolution.

Publication: PR Newswire
Publication Date: 08-NOV-04 		Format: Online - approximately 1984 words
Delivery: Immediate Online Access

Article Excerpt
Carmel Container Systems Ltd. ("Carmel" or the "Company"), a leading Israeli designer, manufacturer and marketer of containers, packaging materials and related products, reported today its consolidated financial results for the third quarter of 2004 and its Board of Directors' Resolution. Carmel's Ordinary Shares are traded on the American Stock Exchange .

I. Financial Results

The financial results for the first nine months of 2004 were primarily influenced by the following factors:

-- This year has been characterized by improvements in the Israeli economy which has been expressed in many fields of economic activity, particularly, growth in the export and local market demand. Such improvements have had a positive impact on our activities in contrast to the recession that occurred from September 2000 to December 2003. -- Improvement in local demand for customer goods and private consumption in the first nine months. -- Slight increase in the industrial exports to the United States and Europe. -- Growth in the gross national product that exceeded forecasts, mainly because of the growth in the business products. -- Decreased tendency in the pace of growth of the Israeli economy in the third quarter, compared to the beginning of the year. -- The average level of prices in the Israeli packaging industry increased by 5.3% during the first nine months of 2004 compared to the end of 2003. -- In the first three quarters of 2004 there was a slight growth in the volume of the Hi-Tech export, which encouraged industrial productivity. -- Considerable increase in the cost of raw materials and energy costs.

Carmel's results for the first nine months of 2004 improved compared to the results of the first nine months of 2003. This improvement was the result of...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from PR Newswire
Lew Sanders, CEO of Alliance Capital, to Present at Merrill Lynch Inve..., November 08, 2004
MortgageIT Holdings, Inc. Reports Third Quarter 2004 Financial Results..., November 08, 2004
Platinum Underwriters Holdings, Ltd. Reports Third Quarter 2004 Financ..., November 08, 2004
Platinum Underwriters Holdings, Ltd. Announces Quarterly Dividend., November 08, 2004
New River Pharmaceuticals Inc. Files 10-Q for the Third Quarter., November 08, 2004

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.