Delek Group Ltd. (TASE: DLEKG), controlled by Yitzhak Tshuva, today published its first quarter financial results, showing a NIS 210 million net profit attributed to the shareholders, compared with a NIS 195 million loss in the corresponding quarter last year.
The company sold its holdings in Delek US during the quarter, yielding the group a NIS 115 million profit. Net profit on natural gas business totaled NIS 67 million.
The company's revenue totaled NIS 5.5 billion, compared with NIS 4.99 billion in the first quarter of 2014.
In view of the first quarter results, the group announced that it would distribute a NIS 150 million dividend to its shareholders.
Delek Group CEO Asaf Barfeld said, "We're working hard to complete the deal for the sale of The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) to Fosun International on the basis of the memorandum of understanding signed by the parties, and are continuing to search for opportunities in the international energy industry for a strategic investment that will be synergetic and complementary to the group's current business.
"We believe that promoting the settlement with the government ministries in the gas sector, while creating the regulatory certainty needed for investments from the partnerships, will make it possible to expedite the plans for development of the Leviathan reservoir and expansion of the Tamar project within a short time after the require permits are obtained."
Published by Globes [online], Israel business news - www.globes-online.com - on May 27, 2015
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