Delek Group’s year of recovery ends on NIS 1.43b profit
Delek Team (TASE: DLEKG), controlled by Yitzhak Tshuva, has unveiled results for 2021 demonstrating recovery right after the critical crisis that it went as a result of in 2020. The enterprise posted a internet gain of NIS 1.43 billion past year, which compares with a internet reduction of NIS 1.82 billion in 2020.

Ongoing superior performance of the group’s core oil and gas output property led to a 19.5% increase in earnings to NIS 8 billion in 2021. The outcomes ended up also favorably impacted by a 15.7% fall in finance charges to NIS 1.93 billion.




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Delek Group has a sector cap of NIS 8.2 billion, following a 184% increase in its share rate on the past year in response to the advancement in the company’s business and the leap in oil rates. Shareholders’ equity at the conclusion 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. Net profit in the fourth quarter was NIS 628 million. This compares with a internet income of NIS 1.1 billion in the fourth quarter of 2020. That quarter’s benefits were being affected by a one particular-time acquire of NIS 900 million resulting from the reversal of a produce-down of the oil and gasoline assets of subsidiary Ithaca Electricity.

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

Posted by Globes, Israel small business information – en.globes.co.il – on March 30, 2022.

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