Delek Group, which operates gasoline stations and convenience stores, has reported a net income of ILS50 million for the second quarter of 2008, compared with ILS421 million in the same quarter of 2007.
Revenues for the second quarter of 2008 increased 35% reaching ILS14.6 billion, compared to ILS10.8 billion in the same period of 2007.
Net income for the first six months of 2008 totaled ILS224 million, compared with ILS617 million in the same period of 2007. Group revenues for the first six months of 2008 were ILS27 billion, a growth of 42%, compared with ILS19 billion in the same period of 2007.
Asaf Bartfeld, CEO of Delek Group, said: We continue to show steady growth despite the slowdown in the global economy. Thus far in 2008, our fuel subsidiaries both in Israel and Europe, performed well as a result of the successful fuel retail strategy we have put in place, focusing on convenience stores and capitalizing on economies of scale.