Israel's ICL second-quarter profit dips, sales rise
JERUSALEM, Aug 6 (Reuters) - Israeli potash and specialty chemicals producer ICL Group ICL.TA on Wednesday reported a dip in second-quarter profit, weighed down partly by Israel's war with Iran in June.
ICL said it earned an adjusted 9 cents per diluted share in the second quarter, versus 10 cents a year earlier. Sales grew to $1.83 billion from $1.75 billion.
Potash sales dipped to $383 million from $422 million in the April to June period, with ICL citing lower production at its Dead Sea facility "due to operational challenges primarily related to ongoing (Gaza) war-related issues, the annual maintenance shutdown, and a brief period of regional unrest in June."
Still, ICL reached new potash supply deals with key customers China and India during June.
Sales of industrial products such as flame retardants, bromine and specialty minerals edged higher in the quarter, while phosphate sales grew to $637 million from $572 million.
Related Articles
Investing in Clean Energy
TradingKey - Not so long ago, clean energy was relegated to a niche, a corner for subsidies, early markets, and greens. Now it's at the center of global economic thought. Governments, business, and consumers are driving a structural transformation from fossil fuels to renewables. The roofs are toppe
Investing in Luxury & Experiential Consumption
Niche assets like data centers, logistics, healthcare, and cold storage thrive on structural drivers, not traditional property cycles Specialized real estate benefits from secular trends like digitalization, demographics, and supply chain innovation, making demand resilient and less cycle-sensitive
Oracle’s FY2026 Q1 Preview: Will OpenAI Contract Spark a Broadcom-Like Stock Surge?
TradingKey - As analysts raise targets and expectations, could Oracle’s stock replicate the post-earnings rally seen at Broadcom following its OpenAI-related contract announcement?
U.S. August CPI Preview: Persistent Rise in Inflation, What Impact on Rate Cuts? And on US Stocks?
TradingKey - On 11 September 2025, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI. As a result, headline CPI year-over-year may climb to 2.9%, up from 2.7%
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.
