Hadera Paper Ltd. Reports Financial Results For The Third Quarter And Nine Months Ended September 30, 2011

Hadera PAPER LTD. SUMMARY OF RESULTS (UNAUDITED) except per share amounts

Nine months ended September 30, NIS IN THOUSANDS ⁽¹⁾

                                    2011              2010
 
    Net sales                  1,541,733           784,626
 
    Net earnings (loss)
    attributed to the
    Company's shareholders       (35,704)           65,354
 
    Basic net earnings(loss)
    per share attributed to
    the Company's shareholders     (7.02)            12.88
 
    Fully diluted
    earnings(loss)per share
    attributed to the
    Company's shareholders         (7.02)            12.77
 

Three months ended September 30, NIS IN THOUSANDS ⁽¹⁾

                                   2011              2010
 
    Net sales                   519,491           295,435
 
    Net earnings(loss)
    attributed to the
    Company's shareholders      (43,560)           23,026
 
    Basic net earnings
    (loss)per share
    attributed to the
    Company's shareholders        (8.56)             4.53
 
    Fully diluted
    earnings(loss)per share
    attributed to the
    Company's shareholders        (8.56)              4.5

(1) The representative exchange rate at September 30, 2011 was N.I.S. 3.712= $1.00.

Contact: Yael Nevo, Adv. Corporate Secretary and Chief of Legal Department Hadera Paper Ltd. Group [e-mail]

SOURCE Hadera Paper Ltd

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