ICL Q1 Profit Rises - Quick Facts

(RTTNews) - Israel Chemicals Ltd. (ICL) reported first-quarter net income of $217 million or $0.17 per share, compared to $131 million or $0.10 per share, prior year. Adjusted earnings per share was $0.15, for the quarter.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.11 for the quarter. Analysts' estimates typically exclude special items.

Sales were $1.40 billion compared to $1.61 billion last year. Analysts expected revenue of $1.46 billion for the quarter. The company said the decrease in sales derived mainly from a decrease in quantities sold as a result of the strike at ICL Dead Sea and ICL Neot Hovav, which had a negative impact of $164 million, the sale of non-core businesses which lowered sales by $64 million, lower volumes at ICL Industrial Products and ICL Performance Products which had a negative impact of $22 million and exchange rate fluctuations which had a negative impact of $110 million.

The company's Board declared that a dividend totaling $151 million will be paid on June 23, 2015, in respect of its first quarter 2015 results.