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Israel Chemicals Reports Higher Earnings and Revenues as Fertilizer Sales Nearly Double

2:14 AM MDT | August 24, 2010 | Natasha Alperowicz

Israel Chemicals (ICL; Tel Aviv), a fertilizers and specialty chemicals producer, reported a 73% increase in gross profit at $662 million in the second quarter of 2010 and a 94% rise in net income to $296 million. Operating profit more than doubled to $384 million and revenues were up 38% at $1.5 billion. The company says that the second quarter of this year was its best-ever second quarter with the exception of the second quarter of 2008, which was a 'spike' year throughout the fertilizer and specialty chemicals industries. "The improvement reflected...

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