Delek Q2 profit slips as finance expenses rise

Newswire

* Q2 profit 64 million shekels, vs 223 million * Cites stronger yen vs shekel JERUSALEM, Aug 31 (Reuters) - Israeli energy, automotive and real estate conglomerate Delek Group reported a drop in quarterly net profit, weighed down by higher financial expenses due to yen strength versus the shekel. Delek posted second-quarter net profit of 64 million shekels ($17 million) on Tuesday, down from 223 million a year ago. Revenue slipped to 10.4 billion shekels from 10.8 billion despite ...

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