Delek Group Q2 net profit jumps, revenue down

Newswire

JERUSALEM, Aug 30 (Reuters) - Israeli conglomerate Delek Group said on Sunday second-quarter net profit rose despite a decline in revenue due to improvement at its infrastructure units and lower financial expenses. Net profit rose to 223 million shekels from 47 million shekels a year earlier. Delek said revenue for the quarter fell to 10.8 billion shekels from 14.2 billion shekels, hurt by a decrease in gasoline sales, lower oil prices and lower automotive revenue in Israel, the company ...

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