Delek Group (TASE: DLEKG), managed by Yitzhak Tshuva, has released results for 2021 showing recovery after the significant disaster that it went through in 2020. The company posted a internet profit of NIS 1.43 billion previous 12 months, which compares with a internet reduction of NIS 1.82 billion in 2020.

Ongoing excellent general performance of the group’s main oil and gasoline output property led to a 19.5% rise in earnings to NIS 8 billion in 2021. The success have been also favorably impacted by a 15.7% drop in finance fees to NIS 1.93 billion.




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Delek Group has a industry cap of NIS 8.2 billion, soon after a 184% increase in its share cost on the past 12 months in response to the improvement in the company’s business and the jump in oil selling prices. Shareholders’ fairness at the stop of 2021 was NIS 2.6 billion, up from NIS 2.1 billion at the stop of 2020.

In the fourth quarter of 2021, income totaled NIS 2.26 billion, which compares with NIS 1.63 billion in the corresponding quarter of 2020. Web income in the fourth quarter was NIS 628 million. This compares with a net profit of NIS 1.1 billion in the fourth quarter of 2020. That quarter’s effects had been influenced by a 1-time achieve of NIS 900 million resulting from the reversal of a create-down of the oil and gasoline property of subsidiary Ithaca Energy.

Delek Group’s share price tag is up 3.45% on the Tel Aviv Stock Exchange this morning.

Revealed by Globes, Israel business enterprise news – en.globes.co.il – on March 30, 2022.

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