Yitzhak Tshuva with a huge achievement: A “live business” comment was removed from Delek

by time news

Idan Wells, Yitzhak Tshuva (Photo from the Delek Group website, Flash 90 / Moshe Shai)

A significant achievement for Yitzhak Tshuva and after a series of asset realizations, debt repayment to banks and new capital and debt raising, the “live business” comment on Delek Group’s reports was eventually removed.

The group’s financial statements show that the net profit in the first nine months of the year jumped to NIS 800 million, compared with a loss of NIS 2.9 billion in the corresponding period last year.

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Net income in the third quarter of 2021 amounted to NIS 223 million, an increase of 50% compared to the corresponding quarter last year; The group’s revenues in the third quarter were NIS 2 billion, compared with NIS 1.7 billion in the corresponding quarter. Ithaca’s net profit for the quarter was about $ 80 million compared to about $ 16 million in the corresponding quarter.

The net financial debt decreased to 4.075 billion, compared to about 6 billion at the beginning of the year, a decrease of about 2 billion shekels.

Delek Group announced that the company intends to advance payment to the bondholders in the amount of NIS 1.7 billion, after the company’s offer was approved by the holders last Thursday.

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Idan Wells, CEO of Delek Group: “The good results of the quarter continue the positive trend that has characterized the Group’s activity over the past nine months. .

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  • 1.

    Strong buying (LT)

    Fuel group

    11/2021/28

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