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People & Business :: Companies
ICL's Third-Quarter Earnings Rise Sequentially On Increased Demand
5:28 AM MST | November 24, 2009 | Kerri Walsh and Deepti Ramesh
ICL's third-quarter results rose compared to the second quarter mainly because of an increase in demand, especially for fertilizers and flame retardants; lower costs; and improved selling prices within the performance products division. Net income soared 83% sequentially, to $279 million, on sales up 24%, to $1.3 billion. Net income fell 67%, however, compared to third-quarter 2008, on sales down 38% because of the "exceptional demand and prices that characterized that spike year for the fertilizer industry," ICL says. Demand and prices for...
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