Delek profit jumps as energy prices soar
The enterprise documented a web financial gain of NIS 2.5 billion, a 9-fold maximize about the corresponding quarter of previous year.


The potent increase in energy charges in the wake of the war in Ukraine has boosted the income of Delek Group Ltd. (TASE:DLEKG), managed by Yitzhak Tshuva (48.6%). Delek has documented the second premier revenue of any Israeli company after Zim Integrated Transport Products and services Ltd. (NYSE: ZIM) in the 1st quarter of 2022.

Delek Group’s earnings in the initially quarter of 2022 was NIS 3.1 billion, up 63% from the corresponding quarter of 2021. The business reported a net income of NIS 2.5 billion, a nine-fold boost in excess of the corresponding quarter of past calendar year. Web financial gain from Delek’s Ithaca North Sea unit alone was $785 million when compared with $43 million in the very first quarter of 2021.

Delek Group’s share cost rose 3.48% right now to give a industry cap of NIS 3.4 billion, up from $43 million in the corresponding quarter of very last 12 months.

Revealed by Globes, Israel company news – en.globes.co.il – on May well 24, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.




Yitzhak Tshuva credit rating: Tamar Matsafi