Kenon Holdings Ltd (KEN)

Kenon Holdings' (KEN) stock experienced a decline of 5,4% following the release of its full-year 2023 financial report, which highlighted mixed performance across its subsidiaries, OPC and ZIM. -Report Details: OPC witnessed a decrease in net profit from $65M in 2022 to $47M in 2023, along with a decline in adjusted EBITDA. Similarly, ZIM reported a significant net loss of 2.7 billion dollars in 2023, combined with a non-cash impairment and a decrease in adjusted EBITDA. This results raised concerns among investors as they expected more profits from the two subsidiaries

• Financial challenges: The company's financing activies is facing challenge. While OPC's financing income is falling from $35M ( 2022) to $12M in 2023, their financial expenses are increasing from $49M to $65M.