Delek profit jumps as energy prices soar
The enterprise described a web profit of NIS 2.5 billion, a 9-fold maximize in excess of the corresponding quarter of very last 12 months.


The robust increase in vitality rates in the wake of the war in Ukraine has boosted the revenue of Delek Team Ltd. (TASE:DLEKG), managed by Yitzhak Tshuva (48.6%). Delek has noted the 2nd major gain of any Israeli enterprise right after Zim Built-in Shipping and delivery Companies Ltd. (NYSE: ZIM) in the initial quarter of 2022.

Delek Group’s revenue in the to start with quarter of 2022 was NIS 3.1 billion, up 63% from the corresponding quarter of 2021. The firm documented a web income of NIS 2.5 billion, a nine-fold enhance more than the corresponding quarter of past yr. Internet income from Delek’s Ithaca North Sea device alone was $785 million compared with $43 million in the to start with quarter of 2021.

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

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

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



Yitzhak Tshuva credit rating: Tamar Matsafi
