Gazit-Globe Posts Rise In Q3 Profit

Israel's Gazit-Globe GZT reported a rise in its third-quarter profit. Gazit-Globe's quarterly earnings surged to 334 million shekels ($95 million), from 187 million, in the year-ago period. Its rental income dropped 7% to 1.25 billion shekels, while funds from operations climbed 4% to 147 million shekels. Gazit-Globe shares closed at $13.45 yesterday.