Shikun & Binui Ltd. reported unaudited consolidated financial results for the first quarter ended March 31, 2017. For the quarter, the company reported revenues from work performed and sales of ILS 1,804,815,000 against of ILS 1,113,956,000 a year ago. Operating profit was ILS 174,896,000 against ILS 161,632,000 a year ago. Profit before taxes on income was ILS 100,974,000 against ILS 116,157,000 a year ago. Profit attributable to owners of the company was ILS 58,249,000 against ILS 93,455,000 a year ago. The company's cash flow generated by operating activities totaled ILS 698 million compared with ILS 364 million in the first quarter of 2016. The increase derived primarily from the increase in Accounts Receivable net of advances received by the Israel Building and Infrastructure segments totaling ILS 270 million, mainly for the Ashalim project, the Tel Aviv Light Rail project, and a number of roads and building projects, together with ILS 129 million from the International Building and Infrastructure segment, representing primarily funds owed at the end of the quarter by projects in Nigeria, most of have now been paid.