Delek Group (TASE: DLEKG), managed by Yitzhak Tshuva, has produced success for 2021 displaying restoration right after the critical crisis that it went through in 2020. The corporation posted a internet earnings of NIS 1.43 billion past calendar year, which compares with a web loss of NIS 1.82 billion in 2020.

Ongoing superior overall performance of the group’s core oil and gas manufacturing property led to a 19.5% rise in income to NIS 8 billion in 2021. The outcomes were being also favorably impacted by a 15.7% tumble in finance expenditures to NIS 1.93 billion.




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Delek Team has a industry cap of NIS 8.2 billion, just after a 184% increase in its share value on the previous calendar year in reaction to the improvement in the company’s enterprise and the leap in oil costs. Shareholders’ fairness at the conclude of 2021 was NIS 2.6 billion, up from NIS 2.1 billion at the end 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. Net income in the fourth quarter was NIS 628 million. This compares with a internet profit of NIS 1.1 billion in the fourth quarter of 2020. That quarter’s final results were being affected by a just one-time get of NIS 900 million ensuing from the reversal of a compose-down of the oil and fuel property of subsidiary Ithaca Strength.

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

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

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