Israel's Delek Group Q1 net profit, revenue fall

Newswire

JERUSALEM, May 27 (Reuters) - Israeli conglomerate Delek Group said on Wednesday its quarterly net profit fell due to a steep drop in revenues stemming from low oil prices. Delek posted first-quarter net profit of 157 million shekels ($39 million), or 12.86 shekels per diluted share, compared with a profit of 194 million shekels, or 15.25 shekels a share, a year earlier. The company said all of its sectors showed significant improvement in the quarter after posting a 1.44 billion shekel ...

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