Paz Oil Company Ltd. announced consolidated earnings results for the second quarter and first half of 2016. For the half year, the company reported revenues of ILS 5,151 million compared to ILS 6,799 million a year ago. Operating income was ILS 443 million compared to ILS 548 million a year ago. EBITDA was ILS 646 million compared to ILS 746 million a year ago. Net income was ILS 321 million compared to ILS 433 million a year ago. Adjusted operating income was ILS 524 million compared to ILS 563 million a year ago. Adjusted EBITDA was ILS 727 million compared to ILS 761 million a year ago. Adjusted net income was ILS 378 million compared to ILS 342 million a year ago. For the second quarter, the company reported revenues of ILS 2,798 million compared to ILS 3,581 million a year ago. Operating income was ILS 248 million compared to ILS 235 million a year ago. EBITDA was ILS 352 million compared to ILS 334 million a year ago. Net income was ILS 161 million compared to ILS 243 million a year ago. Adjusted operating income was ILS 216 million compared to ILS 275 million a year ago. Adjusted EBITDA was ILS 320 million compared to ILS 374 million a year ago. Adjusted net income was ILS 156 million compared to ILS 175 million a year ago.