The corporation documented a net financial gain of NIS 2.5 billion, a 9-fold improve about the corresponding quarter of last 12 months.


The powerful increase in electricity price ranges in the wake of the war in Ukraine has boosted the revenue of Delek Team Ltd. (TASE:DLEKG), controlled by Yitzhak Tshuva (48.6%). Delek has claimed the second major gain of any Israeli business immediately after Zim Integrated Transport Solutions Ltd. (NYSE: ZIM) in the very first quarter of 2022.

Delek Group’s profits in the to start with quarter of 2022 was NIS 3.1 billion, up 63% from the corresponding quarter of 2021. The enterprise claimed a net income of NIS 2.5 billion, a 9-fold maximize about the corresponding quarter of very last year. Internet financial gain from Delek’s Ithaca North Sea unit alone was $785 million in comparison with $43 million in the 1st quarter of 2021.

Delek Group’s share cost rose 3.48% right now to give a current market cap of NIS 3.4 billion, up from $43 million in the corresponding quarter of past year.

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

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



Yitzhak Tshuva credit rating: Tamar Matsafi
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