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Yitzhak Tshuva  credit: Tamar Matsafi
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Delek profit jumps as energy prices soar

By Randell Zeff 1 month ago

The firm noted a internet profit of NIS 2.5 billion, a 9-fold increase in excess of the corresponding quarter of last year.

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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.

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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.

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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.

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

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

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Yitzhak Tshuva  credit: Tamar Matsafi

Yitzhak Tshuva credit: Tamar Matsafi

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