Tethys Sea weighs on Delek Group profit

01.06.2012                      11.Siwan. 5772

Wirtschaft:

Tethys Sea weighs on Delek Group profit

The company reported on Wednesday that net income attributable to shareholders was down 48%, to NIS 110 million.

Profit at Delek Group in the first quarter fell by nearly half from the same time last year, as production and earnings at its Tethys Sea gas field dropped.
The company reported on Wednesday that net income attributable to shareholders was down 48%, to NIS 110 million, due to lower revenues from the waning reserves at Tethys Sea and to posting of surcharges on oil and gas profits, imposed in accordance with Sheshinski Committee recommendations….