Makhteshim sees $172-178m profit for 2007

The company estiamtes $2.07-2.09 billion revenue for the year.

Makhteshim Agan Industries Ltd. (TASE: MAIN) today stated that it predicts a net profit of $172-178 million on $2.07-2.09 billion revenue in 2007, compared with a net profit of $84 million on $1.78 billion in 2006.

The company also predicts a net profit of $14-20 million on $465-485 million revenue for the fourth quarter, compared with a net loss of $39 million on $419 million for the corresponding quarter of 2006.

Makhteshim Agan fell 1.4% by midday today.

Published by Globes [online], Israel business news - www.globes-online.com - on January 10, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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