ICL plunges into loss in 2016

By Yoke Wong
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...

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