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Israel Chemicals Reports Record Results on Higher Volumes

2:51 AM MDT | March 28, 2011 | Natasha Alperowicz

Israel Chemicals (ICL) says fourth quarter 2010 was the company's best fourth quarter ever on all parameters, and the whole of 2010 was the second best year in its history, second only to 2008, an exceptional "spike" year for the fertilizer industry. The strong growth in volumes sold in most segments more than offset the period's decline in selling prices for potash and some other products, ICL says. Gross profit in the fourth quarter was up 23% at $627 million on sales 16% higher at $1.4 billion. Gross margin for the period rose to 44.1% compared with...

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