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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers

Israel Chemicals Records Big Fall in Second-Quarter Profits

2:14 AM MDT | August 24, 2009 | Deepti Ramesh

Israel Chemicals Ltd. (ICL; Tel Aviv) reported a 78% fall in net profits for the second quarter ended June 30, 2009, to $152 million, compared with the corresponding period of the previous year. Sales decreased by 48%, to $1.1 billion. The ICL Fertilizers business segment recorded a 66% fall in sales for the second quarter, to $465 million, compared with the year-ago period. Operating profit for the segment fell 85%, to $112 million. The ICL Industrial Products segment reported a 31% fall in sales, to $248 million and operating profit decreased by 82%, to $8...

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