RE: Sale of Egypt, Italy, Croatia assets28 Jun 2024 22:53
Dun
Yes the borrowing is complicated as you explained, and thinking simplistically, with production ramped up thus current year, particularly in Israel, aren't profits also expected to rise significantly this FY24?
I've read one forecast expecting net profit to be circa 450 mill this year.
I know it's unclear how much of that potential figure is derived from the assets to be sold, but they must be fairly confident in what lays below in Morocco, or simply feel that profits will soar anyway through Israel, despite it being in a volatile region.
I'm hoping that they're (Israel) close to completing their military action there in a matter of weeks, some journalists have suggested, and that will be a welcome relief.