Delek profit jumps as energy prices soar

The solid rise in energy selling prices in the wake of the war in Ukraine has boosted the income of Delek Team Ltd. (TASE:DLEKG), managed by Yitzhak Tshuva (48.6%). Delek has documented the next premier revenue of any Israeli organization following Zim Integrated Shipping Solutions Ltd. (NYSE: ZIM) in the initial quarter of 2022.

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Delek Group’s income in the very first quarter of 2022 was NIS 3.1 billion, up 63% from the corresponding quarter of 2021. The organization described a internet earnings of NIS 2.5 billion, a 9-fold maximize around the corresponding quarter of very last year. Net income from Delek’s Ithaca North Sea device on your own was $785 million in contrast with $43 million in the to start with quarter of 2021.

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

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

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