&#13

Delek Group (TASE: DLEKG), managed by Yitzhak Tshuva, has introduced outcomes for 2021 displaying recovery immediately after the severe crisis that it went as a result of in 2020. The company posted a web earnings of NIS 1.43 billion very last calendar year, which compares with a web decline of NIS 1.82 billion in 2020.

&#13

Continued very good functionality of the group’s main oil and gas creation property led to a 19.5% increase in income to NIS 8 billion in 2021. The results have been also favorably impacted by a 15.7% slide in finance expenditures to NIS 1.93 billion.

&#13
&#13
&#13
&#13

&#13
&#13
&#13
&#13

Delek Group has a industry cap of NIS 8.2 billion, following a 184% rise in its share cost on the previous yr in response to the advancement in the firm’s business enterprise and the soar in oil price ranges. Shareholders’ equity at the conclusion of 2021 was NIS 2.6 billion, up from NIS 2.1 billion at the conclusion of 2020.

&#13

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. Internet financial gain in the fourth quarter was NIS 628 million. This compares with a web financial gain of NIS 1.1 billion in the fourth quarter of 2020. That quarter’s effects had been afflicted by a a single-time gain of NIS 900 million ensuing from the reversal of a create-down of the oil and fuel property of subsidiary Ithaca Electricity.

&#13

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

&#13

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

&#13

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

&#13
&#13