Delek Group Posts Lower Q4 Net Profit

Israel's Delek Group

reported a drop in its fourth-quarter profit. Delek's quarterly earnings fell to 125 million shekels ($35.7 million), from a year-ago profit of 207 million. Its revenue climbed to 10.05 billion shekels versus 9.7 million. Delek US reported a loss of $4.7 million in the quarter, compared to year-ago net income of $64.3 million. Delek's net profit from gas production jumped to 70 million shekels in 2013, versus a year-ago profit of 22 million. Delek Group shares closed at $38.95 yesterday.