Delek profit jumps as energy prices soar
1 min readThe organization noted a net profit of NIS 2.5 billion, a nine-fold raise more than the corresponding quarter of very last year.


The potent rise in strength charges in the wake of the war in Ukraine has boosted the profits of Delek Team Ltd. (TASE:DLEKG), managed by Yitzhak Tshuva (48.6%). Delek has noted the second most significant financial gain of any Israeli organization after Zim Built-in Transport Solutions Ltd. (NYSE: ZIM) in the first quarter of 2022.

Delek Group’s earnings in the initial quarter of 2022 was NIS 3.1 billion, up 63% from the corresponding quarter of 2021. The firm noted a internet financial gain of NIS 2.5 billion, a nine-fold raise in excess of the corresponding quarter of previous 12 months. Net profit from Delek’s Ithaca North Sea unit by itself was $785 million as opposed with $43 million in the very first quarter of 2021.

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

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

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



Yitzhak Tshuva credit rating: Tamar Matsafi
