IHS Chemical Week

People & Business :: Earnings/Finance

ICL reports falls in profits, sales

8:06 AM MDT | May 15, 2014 | Deepti Ramesh

Israel Chemicals Ltd. (ICL; Tel Aviv) reports a 57% fall in net profits for the first quarter of 2014 compared with the year-ago quarter, to $131 million. First-quarter sales decreased 1.6%, to $1.61 billion, mainly because of a fall in selling prices, primarily in India and China, offset by an increase in sales volumes, ICL says. ICL's fertilizers business segment reports sales of $933 million in the first quarter of 2014 compared with sales of $1 billion in the first quarter of 2013 because of lower selling prices for most of the products in the segment, ICL...

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