The enterprise documented a web gain of NIS 2.5 billion, a nine-fold raise more than the corresponding quarter of very last yr.


The solid rise in electrical power prices in the wake of the war in Ukraine has boosted the earnings of Delek Group Ltd. (TASE:DLEKG), controlled by Yitzhak Tshuva (48.6%). Delek has documented the 2nd largest earnings of any Israeli firm right after Zim Built-in Delivery Expert services Ltd. (NYSE: ZIM) in the first quarter of 2022.

Delek Group’s income in the initially quarter of 2022 was NIS 3.1 billion, up 63% from the corresponding quarter of 2021. The organization documented a internet profit of NIS 2.5 billion, a nine-fold enhance around the corresponding quarter of last 12 months. Internet income from Delek’s Ithaca North Sea unit by itself was $785 million compared with $43 million in the first 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 very last yr.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on May possibly 24, 2022.

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



Yitzhak Tshuva credit score: Tamar Matsafi