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ICL reports fall in profits

10:43 AM MST | February 12, 2014 | Deepti Ramesh

Israel Chemicals Ltd. (ICL; Tel Aviv) reports a 42.7% fall in net profits for the fourth quarter, ended 31 December 2013, compared with the year-ago period, to $119 million. Fourth-quarter sales increased 8.6%, however, to $1.41 billion, reflecting an increase in sales volume, primarily to China and India, as well as revenue derived from recent acquisitions, ICL says. For full-year 2013, ICL reports a 37% fall in net profits compared with 2012, to $819 million. Full-year sales decreased 3%, to $6.27 billion, primarily because of lower selling prices, ICL says...

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