IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Agricultural chemicals

Makhteshim's net income grows almost 15% during second quarter

2:38 AM MDT | August 7, 2013 | Francinia Protti-Alvarez

Agchem manufacturer Makhteshim Agan (Tel Aviv) today reported $48.2 million in net income during the second quarter, an increase of 14.7% compared with the second quarter last year. Income during the first half of the year grew about 5%, to $1.69 billion, from $1.61 billion during the first half of 2012. Revenue was also up, rising 2.5%, to $803.3 million, during the second quarter of 2013 compared with $783.4 million in the same period last year. However, Ebitda declined 2.6% from $136.1 million, to $132.6 million, during the three-month period. "The second...

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