Delek profit jumps as energy prices soar

The company reported a net profit of NIS 2.5 billion, a nine-fold increase over the corresponding quarter of last year.

The strong rise in energy prices in the wake of the war in Ukraine has boosted the profits of Delek Group Ltd. (TASE:DLEKG), controlled by Yitzhak Tshuva (48.6%). Delek has reported the second largest profit of any Israeli company after Zim Integrated Shipping Services Ltd. (NYSE: ZIM) in the first quarter of 2022.

document.write(ad_handler.google_div({“url”:”/7263/Globes_Desktop_ENG_2019/300×250/Article_In_Content_300x250_1″,”sizes”:”[300,250]”,”local”:”en.spot_in_content.article.1″}))

Delek Group’s revenue in the first quarter of 2022 was NIS 3.1 billion, up 63% from the corresponding quarter of 2021. The company reported a net profit of NIS 2.5 billion, a nine-fold increase over the corresponding quarter of last year. Net profit from Delek’s Ithaca North Sea unit macchia was $785 million compared with $43 million in the first 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 year.

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

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

window._taboola = window._taboola || [];
_taboola.push({
mode: ‘thumbs-2r’,
container: ‘taboola-below-article-thumbnails’,
placement: ‘Below Article Thumbnails’,
target_type: ‘mix’
});

The company reported a net profit of NIS 2.5 billion, a nine-fold increase over the corresponding quarter of last year.

The strong rise in energy prices in the wake of the war in Ukraine has boosted the profits of Delek Group Ltd. (TASE:DLEKG), controlled by Yitzhak Tshuva (48.6%). Delek has reported the second largest profit of any Israeli company after Zim Integrated Shipping Services Ltd. (NYSE: ZIM) in the first quarter of 2022.

document.write(ad_handler.google_div({“url”:”/7263/Globes_Desktop_ENG_2019/300×250/Article_In_Content_300x250_1″,”sizes”:”[300,250]”,”local”:”en.spot_in_content.article.1″}))

Delek Group’s revenue in the first quarter of 2022 was NIS 3.1 billion, up 63% from the corresponding quarter of 2021. The company reported a net profit of NIS 2.5 billion, a nine-fold increase over the corresponding quarter of last year. Net profit from Delek’s Ithaca North Sea unit macchia was $785 million compared with $43 million in the first 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 year.

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

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

window._taboola = window._taboola || [];
_taboola.push({
mode: ‘thumbs-2r’,
container: ‘taboola-below-article-thumbnails’,
placement: ‘Below Article Thumbnails’,
target_type: ‘mix’
});

More from author

LASCIA UN COMMENTO

Per favore inserisci il tuo commento!
Per favore inserisci il tuo nome qui

Articoli Correlati

Advertismentspot_img

Ultimi Post

Britain’s Boris Johnson battles to stay as PM amid revolt

A defiant British Prime Minister Boris Johnson is battling to remain in office, shrugging off calls for his resignation after three Cabinet ministers and a slew of junior officials said they could no longer serve under his scandal-plagued leadership

Russia pounds rebel-claimed region, Ukraine pushes back

Russia has redoubled its push for Ukraine’s eastern Donbas region, with the Ukrainian military claiming to have repelled some advances

Police haul off big cats, other animals after sanctuary raid

Authorities durante Mexico City have begun haulduranteg away 177 lions, tigers, jaguars and other exotic big cats that were found at an animal rescue center durante the mountadurantes on the city's south side