Delek's Q3 profit soars above NIS 1b after Tamar sale - GLOBES

Asi Bartfeld, CEO, Delek Group

29 Nov, 2017 14:16
Globes correspondent

Delek Group also announced that it intended to cash in its super royalties from the Tamar and Dalit reservoirs in the near future.

Yitzhak Tshuva-controlled Delek Group Ltd. (TASE: DLEKG), whose share price has fallen 30% this year, today reported that its net profit had risen steeply to NIS 1.024 billion in the third quarter. NIS 873 million of this came from the sale of 9.25% of Delek Drilling Limited Partnership's (TASE: DEDR.L) holding in the Tamar natural gas reservoir to the Tamar Petroleum partnership. Delek Group's net profit in the third quarter of 2016 was NIS 85 million.

Gideon Tadmor steps down from Delek Group roles - GLOBES

07/01/2016, 22:12, Globes correspondent
Tadmor, who is chairman of Delek Drilling and CEO of Avner, is leaving to pursue independent business ventures.

Delek Drilling chairman and Avner CEO Gideon Tadmor is stepping down. Tadmor notified the board of directors that he intends to leave for independent business ventures as of February 1, 2016. Delek Drilling CEO Yossi Abu will be appointed CEO of Avner as well, and Delek Group Ltd. (TASE: DLEKG) CEO Asi Bartfeld, will be appointed as chairman of Delek Drilling. The new appointments in the gas partnerships are joined by the appointment of Yaniv Friedman as the Deputy CEO of Avner and Delek Drilling, as recently reported.