The fuel and retail company lost NIS 18 million in the last quarter of 2022 – compared to a profit of NIS 93 million in the corresponding quarter in 2021. Last year, Dor Alon brought in more from direct fuel marketing than from the refueling complexes
Another change in the company’s activity is the increase in the direct sales sector of fuels, which has overtaken (in terms of revenue) the activities of the company’s gas stations and convenience stores – mainly due to the doubling of revenues from fuel sales to the Palestinian Authority to NIS 516 million in the fourth quarter of this year. During this period, the company’s revenues from the sale of jet fuel also increased by 220% – due to the end of the Corona restrictions and the return of the aviation industry to normal. All of these led the revenues of the direct marketing sector to grow by 95% in the last quarter of 2022, to NIS 982 million, while the company’s revenues from the gas stations and convenience stores (Dor Elon gas stations and Alonit stores) amounted to NIS 938 million in the last quarter of 2022 – 26% more than the company’s revenues in this sector in the last quarter of 2021.
On an annual basis, gas stations remain Dor Alon’s most profitable sector with revenues of NIS 3.86 billion (47% more than in 2021), but by a small margin from the direct marketing revenues of the fuels which stood at NIS 3.83 billion in 2022 – 132% more than the sector’s revenues in 2021.