Shikun & Binui Reports Third Quarter 2012 Results

Shikun & Binui Reports Third Quarter 2012 Results PR Newswire AIRPORT CITY, Israel, November 25, 2012 AIRPORT CITY, Israel, November 25, 2012 /PRNewswire/ -- 9% Revenue Growth compared with Q3 last year - to NIS 1.4 billion Cash Flows from Operating Activities totaled NIS 132 million, compared with NIS 49 million in Q3 last year Ofer Kotler, CEO of Shikun & Binui: "The Group continues to develop its diverse growth engines. The results of these processes will bear fruit in the coming quarters and will support the creation of value for our shareholders." Shikun & Binui Ltd. (TASE: SKBN.TA) ("Shikun & Binui" or the "Company"), a member of the Arison Group and Israel's leading infrastructure and real estate company, announced today its results for the third quarter ended September 30th, 2012. Noteworthy events during and subsequent to the third quarter and key results: The Group's orders backlog in the construction and infrastructure segments totaled NIS 10.5 billion at the end of the third quarter, of which NIS 7.7 billion ($2 billion) originates in the backlog of projects outside of Israel. Shikun&Binui Solel Boneh Infrastructures further strengthened its leadership position in the infrastructures segment, and was awarded the tender for construction of the State Controller's Building in Jerusalem. The project scope is NIS 126 million and is to be built in 33 months.