Africa-Israel Investments Ltd. provided earnings guidance for the fourth quarter and full year of 2014. In the fourth quarter of 2014, the company expects to record a loss of ILS 790-870 million.

The company expects to lose ILS 783-863 in 2014, mainly due to the profit warnings already issued by its Russian subsidiary AFI Development plc and Africa-Israel Industries Ltd. The company is expected to record an annual loss of ILS 59-69 million.