ICL Third Quarter Profit Dips 9 Percent

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.

To view the whole Bloomberg report, click here.