Israel Chemicals Profit Climbs 44% on Rising Prices

Bloomberg reported that profits for Israel Chemicals (TLV:ICL) are up 44% on increased potash and phosphate prices.

The market news is quoted as saying:

Net income rose to $426 million from $298 million a year earlier, ICL said in a PR Newswire statement today. Sales climbed 27 percent to $1.9 billion, beating analyst estimates, after the company consolidated results of two businesses it acquired in the first quarter.

To read the full market news, click here.

market-news israel-chemicals potash-and-phosphate

The Conversation (2)

Investor LastName

20 May, 2014

What about North Korea??Given how opaque the country is on...well..everything, I wonder especially given the facts that China operates many -if not most- of the North Korean mines. who knows,maybe 10 years from now, North Korea will in the top 3