Gazit-Globe Posts Rise In Q2 Profit

Gazit-Globe

posted a rise in its second-quarter net profit. Gazit-Globe's quarterly profit climbed to 288 million shekels ($72 million), from 281 million, in the year-ago period. Its property rental income surged 11% to 1.27 billion shekels. However, net operating income rose 11% to 865 million shekels. Gazit-Globe also announced its plans to pay a dividend of 0.4 shekels per share. Gazit-Globe shares gained 2.18% to close at $9.39 yesterday.