in this issue
World News and Views :: Top of the News
ICL reports lower net income and sales as demand for fertilizers, flame retardants declines
8:07 AM MST | November 21, 2012 | Natasha Alperowicz
ICL (Tel Aviv) today reported a 10% drop in third-quarter net income, to $394.8 million, on 4% lower revenues of $1,817.5 million, citing unfavorable exchange rate fluctuations, which accounted for approximately $72 million of the difference in revenues compared with the year-earlier period. “Despite the challenging global economic environment, ICL continues to demonstrate resilience due to its numerous leading market positions and a balanced portfolio that counterbalances low economic growth,” says Stefan Borgas, ICL’s CEO since 20...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee