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Article: Hadera Paper Ltd. Reports Financial Results for Fiscal Year Ended December 31, 2008.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- March 28, 2009
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Hadera Paper Ltd. (AMEX:AIP) (the "Company" or "Hadera Paper") today
reported financial results for the year ended December 31, 2008. The Company, its subsidiaries and associated companies are referred to hereinafter as the "Group".
As a result of the transition to reporting according to IFRS, the Company presented its financial statements for 2008, as well as the comparison figures for the year ended December 31, 2007, according to IFRS.
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 ...