#Israel's Delek Group sees record Q4 profit on Ithaca revaluation | Reuters

Israel's Delek Group sees record Q4 profit on Ithaca revaluation | Reuters

Israel’s Delek Group on Wednesday reported a record profit in the fourth quarter on strong revenue and a boost in the value of its North Sea unit Ithaca.

Net profit rose to about 1.1 billion shekels ($330 million) for the October-December quarter, up from 311 million a year earlier.

Revenue rose to 1.63 billion shekels from 1.4 billion.