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Article: Elron Electronic Industries Announces Second Quarter 2009 Results and Signing of a Definitive Agreement for the Sale of Its Holding in Netvision.
- Article from:
- Business Wire
- Article date:
- August 19, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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* Decrease in Net Loss Attributable to Shareholders in the Second Quarter of 2009 to $4.1 Million, Compared with $16.8 Million in Second Quarter of 2008 and $9.8 Million in First Quarter of 2009
* Decrease of Approximately 58% in Elron's Non-Consolidated G&A Costs in the Second Quarter of 2009 Compared with the Second Quarter of 2008
* Group-Company 3DV Completed Sale of Substantially All Assets to Third Party; Elron Recorded $4.4 Million Gain on Sale
* Group-Company Medingo Received FDA Clearance to Market Its Insulin Micropump in the United States
* Definitive Agreement Signed for the Sale of Holding in Netvision to IDB Group ...