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Bazan ( (IL:ORL) ) has shared an update.
Bazan has received revised property tax assessments for its Haifa Bay complex, amounting to an additional $25 million in annual charges. The company disputes these assessments and intends to pursue legal avenues for a reduction, potentially impacting its financial obligations and operational costs.
More about Bazan
Bazan operates in the oil refining industry, providing a range of petroleum products. Its operations are primarily focused on the Haifa Bay area, and its securities are publicly traded on the Tel Aviv Stock Exchange.
YTD Price Performance: -7.41%
Average Trading Volume: 9,162
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $941.2M
Find detailed analytics on ORL stock on TipRanks’ Stock Analysis page.