Israel Chemicals Profit Climbs 44% on Rising Prices

Potash Investing

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