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Bloomberg reported that ICL announced a 9 percent drop in third quarter profits, blamed on weak sales to China.
Bloomberg reported that ICL announced a 9 percent drop in third quarter profits, blamed on weak sales to China.
As quoted in the market report:
Net income fell to $395 million from $436 million in the year-earlier period, the company that extracts minerals from the Dead Sea to make fertilizer said in a statement to the Tel Avivbourse today. That beat the $385 million median estimate of three analysts surveyed by Bloomberg. Sales fell 3.7 percent to $1.82 billion, compared with the $1.86 billion median estimate of four analysts.