Delek profit jumps as energy prices soar
The corporation noted a internet income of NIS 2.5 billion, a nine-fold increase in excess of the corresponding quarter of past calendar year.


The strong increase in electrical power charges in the wake of the war in Ukraine has boosted the gains of Delek Team Ltd. (TASE:DLEKG), managed by Yitzhak Tshuva (48.6%). Delek has noted the second biggest financial gain of any Israeli company immediately after Zim Integrated Shipping Providers Ltd. (NYSE: ZIM) in the initially quarter of 2022.

Delek Group’s earnings in the first quarter of 2022 was NIS 3.1 billion, up 63% from the corresponding quarter of 2021. The firm claimed a web profit of NIS 2.5 billion, a nine-fold enhance over the corresponding quarter of last yr. Internet financial gain from Delek’s Ithaca North Sea unit alone was $785 million in comparison with $43 million in the to start with quarter of 2021.

Delek Group’s share selling price rose 3.48% these days to give a industry cap of NIS 3.4 billion, up from $43 million in the corresponding quarter of final calendar year.

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

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



Yitzhak Tshuva credit score: Tamar Matsafi
