ICL, Tel Aviv, today reported a 35 percent increase in fourth-quarter net income attributable to shareholders of the company, to $65 million on sales of $1.32 billion, up from the year-ago $48 million and $1.11 billion, respectively. Adjusted net income increased 42 percent to $68 million (0.05 per share). The adjusted EPS of 5 cents versus 4 cents year-on-year beat the average estimate of 4 cents (range 2 cents to 6 cents) (Bloomberg Consensus).
Fourth-quarter adjusted EBITDA increased 33 percent to $268 million.
Full-year potash sales rose 13 percent, to 4.67 million mt, up from 4.13 mt, due to higher output and increased sales, mainly to China. Brazil, India and the U.S.