Article: Hadera Paper Ltd. Reports Financial Results for First Quarter Ended March 31, 2009.

HADERA, Israel, May 11 /PRNewswire-FirstCall/ -- Hadera Paper Ltd. (the "Company" or "Hadera Paper") today reported financial results for the first quarter ended March 31, 2009. The Company, its subsidiaries and associated companies are referred to hereinafter as the "Group".

Since the Company's share in the earnings of associated companies constitutes a material component in the company's statement of income (primarily on account of its share in the earnings of Mondi Hadera Paper Ltd. ("Mondi Hadera") and Hogla-Kimberly Ltd.("H-K")), before the presentation of the consolidated data below, the aggregate data which include the results of all the companies in the ...

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