Delek Group (TASE: DLEKG), controlled by Yitzhak Tshuva, has introduced final results for 2021 exhibiting restoration after the extreme crisis that it went through in 2020. The organization posted a web gain of NIS 1.43 billion final yr, which compares with a web reduction of NIS 1.82 billion in 2020.

Ongoing fantastic performance of the group’s main oil and gas manufacturing assets led to a 19.5% increase in revenue to NIS 8 billion in 2021. The final results have been also favorably impacted by a 15.7% slide in finance charges to NIS 1.93 billion.




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Delek Team has a marketplace cap of NIS 8.2 billion, right after a 184% rise in its share selling price on the past year in reaction to the enhancement in the company’s organization and the soar in oil charges. Shareholders’ fairness at the close of 2021 was NIS 2.6 billion, up from NIS 2.1 billion at the end of 2020.

In the fourth quarter of 2021, profits totaled NIS 2.26 billion, which compares with NIS 1.63 billion in the corresponding quarter of 2020. Net revenue in the fourth quarter was NIS 628 million. This compares with a web profit of NIS 1.1 billion in the fourth quarter of 2020. That quarter’s benefits were being afflicted by a just one-time acquire of NIS 900 million ensuing from the reversal of a produce-down of the oil and gas property of subsidiary Ithaca Electrical power.

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

Revealed by Globes, Israel company information – en.globes.co.il – on March 30, 2022.

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


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