ICL reports 8.2% fall in quarterly income, announces $435m Spanish potash investment

By James Sean Dickson
Published: Wednesday, 12 November 2014

Despite the quarterly fall in income, the company is starting to take a better shape, following a number of unwelcome developments in the past year. ICL will be glad of this trend suppression, which comes after difficulties in the potash sector running over from 2013, and the impending possibility of substantial tax increases under the Sheshinski II proposals.

Fertiliser and bromine producer, Israel Chemicals Ltd. (ICL), saw a fall of 8.2% to $180m for its Q3 2014 adjusted net income, which it said was affected by short term exchange rate fluctuations and higher taxes.

Despite a number of recent rocky quarterly results, and looming tax hike proposals, the company’s...

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