ICL plunges into loss in 2016
Published: Friday, 17 March 2017
Tel Aviv-based ICL reported losses in 2016 as weak fertiliser prices continued to pressure financial performance, while expenses from assets write-off and legal cost further slashed earnings. The producer maintained a positive demand outlook for potash and phosphate product.
Fertiliser producer Israel Chemicals Ltd (ICL) plunged into
net loss of $122m in 2016 amid weak fertiliser demand and
prices, while rising business expenses further pressured
performance, the company said...