Delek Belron International published its financial report last week. Delek Real Estate posted NIS 1.12 billion revenue for the second quarter, triple the NIS 342.5 million posted for the corresponding quarter of 2006. However, net profit fell 35% to NIS 91.5 million because of the valuation of properties for the IPO of Delek Global in April.
The increase in Delek Real Estate’s revenue was partly the result of the consolidation of Roadchef in the UK with properties acquired early in the second quarter. Cash flow from current operations totaled NIS 156 million during the first half of 2007, of which NIS 113 million was during the second quarter.
