Some years ago the Group prepared a long-term business strategy, based on four growth engines — roads and infrastructures, real estate initiatives, renewable energy, and water — involving the expansion of concessionary activity in each of these areas. The Group’s results for 2010 are an excellent illustration of the strategy’s success.
Shikun & Binui’s financial results for 2010 were its best ever, in all parameters: Revenues rose by 9.4% over the previous year, amounting to NIS 4.9 billion; gross profit rose by about 14% to NIS 1 billion, and net profit rose by 135% to NIS 545 million.
The Group’s financial strength enables it to take a long-term view, even during economically difficult periods, and to invest strategically in innovative projects that demand stability and patience, even as it monitors developments and fluctuations in the fields relevant to the Group (such as real estate) and deals with them in real time.
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