Regions :: Middle East
ICL Reports Lower Net Income; Record Potash, Phosphate Sales Lift Revenues
10:38 AM MDT | August 15, 2012 | Natasha Alperowicz
ICL (Tel Aviv), a leading fertilizers and specialty chemicals producer, today reported a 4% decline in second-quarter net income, to $407.3 million—but near-record sales of potash and phosphate fertilizers raised revenues to $1.965 billion. This compares with revenues of $1.929 billion in the year-earlier period. The company cites higher financial expenses and a higher tax rate, compared with the second quarter of 2011, for the slight decline in net income. Operating income in the second quarter was flat, at $545.1 million. Sales by ICL Fertilizers...
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