Delek profit jumps as energy prices soar
The firm noted a internet profit of NIS 2.5 billion, a 9-fold increase in excess of the corresponding quarter of last year.


The solid increase in electricity costs in the wake of the war in Ukraine has boosted the earnings of Delek Team Ltd. (TASE:DLEKG), managed by Yitzhak Tshuva (48.6%). Delek has noted the 2nd premier earnings of any Israeli organization soon after Zim Built-in Transport Services Ltd. (NYSE: ZIM) in the first quarter of 2022.

Delek Group’s income in the 1st quarter of 2022 was NIS 3.1 billion, up 63% from the corresponding quarter of 2021. The corporation noted a internet profit of NIS 2.5 billion, a 9-fold maximize more than the corresponding quarter of previous calendar year. Internet financial gain from Delek’s Ithaca North Sea unit by itself was $785 million when compared with $43 million in the very first quarter of 2021.

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

Posted by Globes, Israel small business information – en.globes.co.il – on Could 24, 2022.

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Yitzhak Tshuva credit: Tamar Matsafi