IHS Chemical Week

People & Business :: Earnings/Finance

ICL's Profits Soar on Higher Selling Prices

4:24 AM MDT | August 17, 2011 | Kerri Walsh

ICL reported second-quarter 2011 net income up 44%, to $426 million, on sales up 29%, to $1.9 billion helped by improved demand and selling prices across all businesses. Operating income jumped 41%, to $543 million. The fertilizers unit's operating income rose 37%, to $379 million, on sales up 34%, to $1.1 billion. Industrial products earnings soared 63%, to $87 million, on sales up 18%, to $424 million because of higher selling prices for flame retardants. Performance products reported operating income up 20%, to $65.7 million, on sales up 19%, to $408...

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