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Delek Group Announces Consolidated Results For The First Nine Months Of 2012

Stocks in this article: DGRLYDK

US Dial-in Number: 1 866 860 9642 UK Dial-in Number: 0800 404 8418 ISRAEL Dial-in Number: 03 918 0687 INTERNATIONAL Dial-in Number: +972 3 918 0687 At: 10:30am Eastern Time, 3:30pm UK Time, 5:30pm Israel Time

On the call, CEO Asaf Bartfeld, CFO Barak Mashraki will review and discuss the results, and will be available to answer your questions.

About The Delek Group

The Delek Group, Israel's dominant integrated energy company, is the pioneering leader of the natural gas exploration and production activities that are transforming the Eastern Mediterranean's Levant Basin into one of the energy industry's most promising emerging regions. Having discovered Tamar and Leviathan, two of the world's largest natural gas finds since 2000, Delek and its partners are now developing a balanced, world-class portfolio of exploration, development and production assets with total gross natural gas resources discovered since 2009 of approximately 33 TCF.

Delek is Israel's largest and sole domestic supplier of natural gas. In addition, Delek has built an extensive network of global downstream assets, including 1,900 gas stations and convenience stores in the U.S., Europe and Israel; petroleum  refineries in the U.S. with 140,000 barrel per day of nameplate production; and pipelines and storage facilities in the US, Europe and Israel. Delek also holds significant interests in leading water desalination, power generation, insurance and automotive companies.

For more information on Delek Group please visit http://www.delek-group.com.

Delek Group Income Statement (NIS Millions)

                                         Q1-Q3   Q1-Q3
 
                                          2012    2011 Q3 2012 Q3 2011 FY 2011
 
    Revenue                             53,513  42,362  18,867  15,215  59,159
    Cost of revenue                     46,540  35,841  16,246  12,759  50,903
    Gross profit                         6,973   6,521   2,621   2,456   8,256
 
    Sales, marketing and operating
    expenses - gas stations              3,096   3,040   1,067   1,071   4,157
    General and administrative
    expenses                             1,567   1,406     528     452   1,884
    Other income (expenses), net          (11)      27      17    (56)   (602)
    Profit from operating activities     2,299   2,102   1,043     877   1,613
 
    Financing income                       231     484      54      57     626
    Financial expenses                 (1,479) (1,454)   (523)   (456) (1,951)
    Profit (loss) after financing        1,051   1,132     574     478     288
 
    Profit (Loss) from realization of
    investments in associates and
    others, net                             30      60     (4)      62   3,749
    Group's equity in profits (losses)
    of associates and partnerships,
    net                                    109      66     (2)    (17)   (223)
    Profit (loss) before income tax      1,190   1,258     568     523   3,814
 
    Income tax                             583     467     331     245     558
    Profit                                 607     791     237     278   3,256
 
    Attributable to:
    Company shareholders                   243     451      93     140   2,610
    Non-controlling interest               364     340     144     138     646
                                           607     791     237     278   3,256
 

The notes are an integral part of the financial statement and can be found at http://www.delek-group.com

Contact Dalia Black / Dina Vince Delek Group Tel: +972-9-863-8444 Email: investor@delek-group.com Ehud Helft / Kenny Green CCG Investor Relations Tel: (US) +1-646-201-9246 E-mail: delek-group-ir@ccgisrael.com

SOURCE Delek Group Ltd

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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