IHS Chemical Week

Regions :: Middle East

ICL reports higher earnings and revenues, investigates mining phosphate outside Israel

9:41 AM MDT | May 13, 2013 | Natasha Alperowicz

,Israel Chemicals Ltd/ (ICL; Tel Aviv) today reported a 6% rise in first quarter net profit, to $305 million, on 9% higher sales, at $1.64 billion, citing strong fertilizer sales, particularly in China. Ebitda was 3% higher, at $445 million, and gross margin advanced from 39.9% in the first quarter of 2012 to 40.2% in the first quarter of this year.   The company says that fertilizers, both potash and phosphate, delivered strong growth, with increasing volumes compensating for lower prices. Specialty chemicals, meanwhile, continue to be affected by the...

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