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ICL Group Reports Another Record Quarter With Across-the-Board YoY Improvement.

Article Excerpt
Operating Income Doubles and Net Income Nearly Triples on 15% Increase in Sales

TEL-AVIV, Israel, May 26 /PRNewswire-FirstCall/ --

First Quarter Highlights Q1 2005 Q1 2004 Change Sales $710.0 million $619.1 million 15% Operating income $139.4 million $ 61.0 million 129% Net income $ 95.3 million $ 32.3 million 195% Gross margin 39.3% 32.4% - Operating margin 19.6% 9.9% -

- Record quarter in terms of sales, gross profit, operating income and net income

- Rising prices for most products

- Best quarter ever for ICL Industrial Products since the segment was established due to higher prices and volume improvements

- ICL Metallurgy achieves 4.0% operating margin after achieving breakeven in Q4 2004, contributing operating profit of $1.2 million

- Cash flow rises 36% reflecting strong results

Israel Chemicals Ltd. ("ICL" or the "ICL Group") , a multinational fertilizer and specialty chemicals company, today reported revenues for the first quarter ended March 31, 2005.

For the three month period, sales increased by 15% to $710.0 million from $619.1 million in the first quarter of 2004. Operating income for the period more than doubled on a year over year basis, reaching $139.4 million compared to $61.0 million in the first quarter of 2004. Net...

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