Melisron Ltd. reported earnings results for the second quarter of 2017. For the quarter, the company's profit jumped almost six-fold to ILS 287 million. The company's profit improved despite a 37% increase in financing expenses and taxes. The upward revaluation in the company's properties totaled ILS 286 million, almost the same as its net profit, compared with a ILS 80 downward revision in the corresponding quarter in 2016. Revenue grew 18% to ILS 380 million. The company attributed the improvement in these figures to the acquisition of Eli Lahav's 50% stake in Ofer Grand Canyon in Beer Sheva for ILS 145 million in the second half of 2016, a 23% increase in its share of Ofer Park in Petah Tikva at a cost of nearly ILS 200 million, and improvement in the results of its shopping malls. Melisron's NOI from same properties rose 3.3% to ILS 259 million in the second quarter, supporting a 12% rise in funds from operations (FFO) to ILS 343 million.