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Israel Chemicals Reports Lower Income and Sales; Resumes Shipments to Brazil and India

2:10 AM MDT | August 24, 2009 | Natasha Alperowicz

Israel Chemicals (ICL) has reported a major decline in operating income and revenues in the second quarter of 2009. Operating income fell to $191 million compared to $862.8 million in the corresponding period of 2008. Revenues were down to $1.083 billion compared to $2.08 billion in the second quarter of 2008. The company says that volumes sold during the quarter were significantly lower, although "selling prices of potash and ICL Performance products were higher." Gross profit for the second quarter of 2009 was $382 million, and...

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