ICL 3Q net income up 58 percent

Tel Aviv-Higher potash and phosphate prices and demand helped guide Israel Chemicals Ltd. to record net income for the third quarter ending Sept. 30, 2007. Company-wide third-quarter net income was up 58 percent, to $149.7 million on sales of $1.04 billion, up from the year-ago $94.8 million and $854.3 million, respectively. Nine-month net income was $371.0 million on sales of $2.9 billion, up from the year-ago $283.7 million and $2.4 billion, respectively. ICL Fertilizers reported third-quarter operating income of $144.7 million on sales of $538.9 million, up from the year-ago $61.6 million and $398.5 million, respectively. Nine-month operating income was $331.1 million on sales of $1.47 billion, up from the year-ago $163.6 million and $1.05 billion, respectively.