trending Market Intelligence /marketintelligence/en/news-insights/trending/pjzgovjg_y2ggj4-cjrwzw2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Israel Chemicals' net profit surges in Q1 on sale of noncore segments


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021


Q&A: Data That Delivers - Automating the Credit Risk Workflow


Mining M&A in 2020 — Deal activity bounces back in H2 after disrupted H1

Israel Chemicals' net profit surges in Q1 on sale of noncore segments

Israel Chemicals Ltd.'s first-quarter net income attributable to shareholders grew to US$928 million, or 73 U.S. cents per share, from the year-ago net income of US$68 million, or 5 cents per share, the company said May 10.

The results included a capital gain of US$841 million from the sale of the oil additives and fire safety businesses, excluding which the company's adjusted net income rose 56% year over year to US$106 million in the quarter.

Revenue in the quarter rose to US$1.40 billion, compared to US$1.30 billion in the prior-year quarter, driven mainly by higher prices for potash, bromine and derivatives and specialty phosphates.

Operating income jumped to US$985 million, compared to US$116 million a year ago.

Profit from the company's essential minerals segment, which includes ICL Potash & Magnesium, ICL Phosphate Commodities and ICL Specialty Fertilizers, increased to US$90 million, from US$66 million in the year-ago quarter.

The specialty solutions segment, which includes the ICL Industrial Products, ICL Advanced Additives and ICL Food Specialties businesses, recorded a profit of US$131 million, compared to US$115 million a year ago.