Delek profit jumps as energy prices soar

The sturdy increase in electrical power prices in the wake of the war in Ukraine has boosted the earnings of Delek Group Ltd. (TASE:DLEKG), managed by Yitzhak Tshuva (48.6%). Delek has described the 2nd largest gain of any Israeli firm right after Zim Integrated Shipping Products and services Ltd. (NYSE: ZIM) in the 1st quarter of 2022.

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Delek Group’s profits in the initially quarter of 2022 was NIS 3.1 billion, up 63% from the corresponding quarter of 2021. The corporation noted a web revenue of NIS 2.5 billion, a 9-fold raise above the corresponding quarter of previous year. Web income from Delek’s Ithaca North Sea unit on your own was $785 million when compared with $43 million in the initially quarter of 2021.

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Delek Group’s share selling price rose 3.48% now to give a sector cap of NIS 3.4 billion, up from $43 million in the corresponding quarter of final 12 months.

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Published by Globes, Israel organization news – en.globes.co.il – on Might 24, 2022.

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

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