ICL posts 67% drop in Q3 earnings

摘要

ISRAEL CHEMICALS Limited (ICL) posted a 67% drop in net income to $278.9 million in the third quarter ended September 30, down from $846.1 million in the same prior-year period. ICL attributed the year-on-year downturn to the economic slowdown and reduced demand for fertilizers and chemicals, but added that the third quarter of 2008 was a record for the company, reflecting that year's extraordinary fertilizer prices and profit levels.