ICL reports sharp profit decline owing to low fertiliser selling prices
Published: Thursday, 07 August 2014
The company’s fertiliser division, which represents over 50% of revenues, performed poorly as low prices and low phosphate volumes, owing to strikes and weak demand, impacted profits.
Fertiliser producer Israel Chemicals Ltd (ICL) has reported
a sharp decline in net profit as its Q2 results were hit by
lower potash and phosphate selling prices.
Profit for the company fell to $67m, down from $316m, in Q2
2013 as it was also impacted by a strike at its...