Delek Group (TASE: DLEKG), controlled by Yitzhak Tshuva, has introduced final results for 2021 showing restoration after the significant disaster that it went by in 2020. The firm posted a web revenue of NIS 1.43 billion very last 12 months, which compares with a internet reduction of NIS 1.82 billion in 2020.

Ongoing excellent overall performance of the group’s core oil and gasoline generation property led to a 19.5% increase in profits to NIS 8 billion in 2021. The results ended up also favorably impacted by a 15.7% slide in finance expenditures to NIS 1.93 billion.




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Delek Team has a sector cap of NIS 8.2 billion, right after a 184% increase in its share cost on the earlier calendar year in response to the advancement in the company’s business and the jump in oil selling prices. Shareholders’ equity at the end of 2021 was NIS 2.6 billion, up from NIS 2.1 billion at the conclusion of 2020.

In the fourth quarter of 2021, revenue totaled NIS 2.26 billion, which compares with NIS 1.63 billion in the corresponding quarter of 2020. Web financial gain in the fourth quarter was NIS 628 million. This compares with a net gain of NIS 1.1 billion in the fourth quarter of 2020. That quarter’s benefits have been influenced by a one-time gain of NIS 900 million ensuing from the reversal of a write-down of the oil and gasoline belongings of subsidiary Ithaca Strength.

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

Released by Globes, Israel enterprise information – en.globes.co.il – on March 30, 2022.

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


