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Israel Chemicals Profit Climbs 44% on Rising Prices
Aug. 17, 2011 03:21PM PST
Potash InvestingBloomberg reported that profits for Israel Chemicals (TLV:ICL) are up 44% on increased potash and phosphate 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.
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