Shikun & Binui Reports Second Quarter 2012 Results PR Newswire AIRPORT CITY, Israel, August 30, 2012 AIRPORT CITY, Israel, August 30, 2012 /PRNewswire/ -- 21% Revenue Growth compared with Q2 last year - to NIS 1.6 billion Profit in the quarter grew 46% compared with Q2 of last year after neutralizing the gain from ADO acquisition Ofer Kotler, CEO of Shikun & Binui: "The Group's diverse growth engines make it possible to expand our volume of activity despite the global economic situation and will lead to realization of value." Shikun & Binui Ltd. (TASE: SKBN.TA) ("Shikun & Binui" or the "Company"), a member of the Arison Group and Israel's leading infrastructure and real estate company, announced today its results for the second quarter ended June 30th, 2012. Key noteworthy events during and subsequent to the second quarter and results: Shikun & Binui Solel Boneh Infrastructures continues to expand its activities and was awarded three significant projects: A. Construction of Segment 21 Rahat-Lehavim of Highway 6. The project totals NIS 270 million with a construction period of approx. 3 years. B. Construction of Kadrim Junction, a 4-year NIS 250 million project. C. The NIS 200 million upgrade of a segment of Highway 31 that is expected to continue for 3 years. Shikun & Binui Real Estate sold 234 housing units in the second quarter of 2012 for a total of NIS 309 million. In the first half of the year, 409 units were sold for a total of NIS 568 million.