Delek Group Posts Lower Q4 Net Profit
Israel's Delek Group (OTC: DGRLY) 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.
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