IHS Chemical Week

ICL reports fall in profits

11:23 AM MST | February 12, 2014

Israel Chemicals Ltd. (ICL; Tel Aviv) reports a 42.7% fall in net profits for the fourth quarter ended 31 December 2013, compared with the year-ago period, to $119 million. Fourth-quarter sales increased 8.6%, however, to $1.41 billion, reflecting an increase in sales volume, primarily to China and India, as well as revenue derived from recent acquisitions. ICL Fertilizers reports sales of $794.2 million in the fourth quarter of 2013, compared with sales of $710.4 million in the year-ago quarter, mainly due to higher sales volume which was offset by reduced price...

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