Delek Automotive Systems Ltd. announced earnings results for the second quarter of 2012. For the quarter, the company posted a net loss of ILS 60 million on ILS 1.06 billion revenue.

Delek Automotive Systems Ltd. reported group earnings results for the third quarter and nine months ended September 30, 2011. For the quarter, the company reported revenue of NIS 15,215 million against NIS 11,735 million for the same period last year. Profit from operating activities was NIS 877 million against NIS 295 million for the same period last year. Profit after financing was NIS 478 million against loss after financing of NIS 54 million for the same period last year. Profit before income tax was NIS 523 million against NIS 11 million for the same period last year. Profit from continuing operations was NIS 278 million against nil for the same period last year. Profit attributable to company shareholders was NIS 140 million against NIS 33 million for the same period last year. For the nine months, the company reported revenue of NIS 42,362 million against NIS 30,385 million for the same period last year. The increase was primarily due to the consolidation of Lion Oil by Delek US and the consolidation of Delek France by Delek Europe, as well as the increase in the quantity sold at the refinery in Tyler Texas and an increased contribution from the downstream energy assets. Profit from operating activities was NIS 2,102 million against NIS 1,086 million for the same period last year. Profit after financing was NIS 1,132 million against NIS 278 million for the same period last year. Profit before income tax was NIS 1,258 million against NIS 426 million for the same period last year. Profit from continuing operations was NIS 791 million against NIS 274 million for the same period last year. Profit attributable to company shareholders was NIS 451 million against NIS 302 million for the same period last year. Net income increased primarily due to the improvement at the Delek US oil refinery as well as the Oil and Gas exploration and production activities. On November 29, 2011, the board of directors of the company declared a cash dividend distribution for the third quarter of 2011 in the amount of approximately NIS 100 million or NIS 8.7895 per share to shareholders on record as of December 18, 2011. The ex-date is December 19, 2011 and the dividend will be paid on January 3, 2012.

Delek Automotive Systems Ltd., Q3 2011 Earnings Call, Nov 30, 2011