Delek profit jumps as energy prices soar
The business documented a internet profit of NIS 2.5 billion, a nine-fold raise in excess of the corresponding quarter of past yr.


The powerful increase in energy selling prices in the wake of the war in Ukraine has boosted the profits of Delek Group Ltd. (TASE:DLEKG), controlled by Yitzhak Tshuva (48.6%). Delek has reported the second greatest income of any Israeli enterprise after Zim Integrated Shipping and delivery Companies Ltd. (NYSE: ZIM) in the to start with 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 organization reported a internet gain of NIS 2.5 billion, a nine-fold maximize in excess of the corresponding quarter of previous yr. Internet revenue from Delek’s Ithaca North Sea unit alone was $785 million compared with $43 million in the initially quarter of 2021.

Delek Group’s share cost rose 3.48% now to give a current market cap of NIS 3.4 billion, up from $43 million in the corresponding quarter of final yr.

Revealed by Globes, Israel business enterprise news – en.globes.co.il – on May possibly 24, 2022.

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



Yitzhak Tshuva credit score: Tamar Matsafi