Tel Aviv-Israel Chemicals Ltd. (ICL) reported another record quarter, with net income to shareholders of $703.2 million on sales of $2.1 billion for the second quarter ending June 30, 2008, up from the year-ago $129 million and $963 million, respectively. The increases came primarily from ICL Fertilizers, which benefited from the continued rise in demand and prices of potash and phosphate fertilizers. ICL Fertilizers reported second-quarter operating income of $731.4 million on sales of $1.35 billion, up from the year-ago $114.2 million and $481.4 million, respectively. Six-month fert segment income was $1.14 billion on sales of $2.3 billion, up from the year-ago $185.5 million and $933.5 million, respectively. ICL-wide, six-month net income was $1.05 billion on sales of $3.61 billion, up from the year-ago $220 million and $1.85 billion. ICL has announced its highest ever quarterly dividend ?Çô $300 million, which will be paid Sept. 23, 2008.
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