Weak fertiliser prices slash ICL’s Q4 income
Published: Thursday, 16 February 2017
Tel Aviv-based ICL reported lower Q4 2016 income as weak fertiliser prices continued to pressure financial performance, despite record potash sales volumes.
Potash and fertiliser producer Israel Chemicals Ltd (ICL) Q4
income plunged 67% year-on-year (y-o-y) to $32m as lower
fertiliser prices continued to offset record potash sales
volume, the company said 15 February.
ICL produces approximately one-third of the
world’s bromine, and is the sixth largest potash