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Makhteshim's first-quarter net profit up 1%

10:25 AM MDT | May 13, 2013 | Francinia Protti-Alvarez

Generic pesticide producer Makhteshim Agan (Tel Aviv) says its first-quarter net income rose 1%, to $90.2 million from $89.3 million, during the same quarter last year. Ebitda went up 3.3%, from $163.2 million in the first quarter of 2012 to $168.5 million during the first quarter this year. Sales, meanwhile, increased by 7%, to $885.4 million during the first quarter of 2013 compared with $828 million in the same quarter the year prior. "Despite challenging weather conditions in some important markets and unfavorable effective exchange rates compared to...

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