| Business Summary | | IIC
Industries
Inc.
is
a
holding
company
with
subsidiaries
in
three
principal
operating
geographic
areas:
Investor
RT
(Investor),
a
Hungarian
holding
company,
The
Israel
Tractors
and
Equipment
Company
Limited
(Israel
Tractor),
an
Israeli
corporation
and
Balton
C.P.
Limited
(Balton),
an
English
holding
company
with
African
subsidiaries.
The
Company
is
principally
engaged,
through
Investor
and
its
subsidiaries,
primarily
in
the
processing
and
storage
of
agricultural
products
and,
to
a
lesser
extent,
in
the
sales
and
service
of
vehicles
and
the
warehousing
and
warrant
business.
IIC
is
also
engaged,
through
Israel
Tractor,
in
the
distribution
of
tractors
and
other
heavy
equipment
and,
through
Balton,
in
the
sale
of
agricultural,
communications
and
electrical
equipment. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IICR,
through
its
subsidiaries,
engages
in
the
sale
and
service
of
vehicles,
import/export
and
storage
and
processing
of
agricultural
products,
distribution
of
tractors
and
other
heavy
equipment;
the
sale
of
agricultural,
communications
and
electrical
equipment.
For
the
six
months
ended
6/30/01,
revenues
increased
11%
to
$93.3
million.
Net
income
fell
86%
to
$561
thousand.
Results
reflect
higher
equipment
sales,
offset
by
decreased
earnings
in
affiliates. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Bernard Schreier, 83 | Chairman
and Pres | John Smith, 52 | CFO,
Assistant Sec., Director | Fortunee Cohen, 73 | Sec. | Zvi Borowitsh, 63 | Managing
Director of Israel Tractor | Moshe Gershi, 49 | Gen.
Mang. of Balton |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|