Skip to main content

Israel Chemicals reports 4Q19 results

Published by , Editor
World Fertilizer,

As reported by Reuters, Israel Chemicals (ICL) announced a rise in quarterly earnings on Thursday, but said sales slipped due to a nearly one-month planned shutdown and upgrade of the company’s Dead Sea facilities.

ICL said it earned 4 cents per diluted share in 4Q19 excluding one-time items, up from 1 cent a year earlier. Sales declined to US$1.1 billion from US$1.4 billion.

The plant upgrade is expected to increase annual potash production by about 5%.

ICL’s results were also negatively impacted by the continued delay in the signing of a potash supply agreement in China and the weak commodity fertilizer environment.

Earnings were boosted by lower financing expenses due to profit from hedging transactions.

ICL is the world’s sixth-largest producer of potash, with exclusive rights in Israel to extract minerals from the Dead Sea.

Potash sales, which accounted for 24% of the group total, declined to US$302 million in the quarter from US$515 million a year earlier. The average selling price per tonne edged down to US$274 from US$292, while output fell to 844 000 t from 1.2 billion.

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »


Embed article link: (copy the HTML code below):


World Fertilizer is not responsible for the content of external internet sites.