Tel Aviv-ICL Fertilizers, a unit of Israel Chemicals Ltd., reported operating income of $110.6 million on sales of $481.4 million for the second quarter ending June 30, up from the year-ago $47.4 million and $364.6 million. The company cited improved sales and prices for both phosphate and potash. Israel Chemicals also noted an increase in sales at its ICL Performance Products unit; however, sales were off at ICL Industrial Products’ brominated products. ICL Fertilizers six-month operating income was $186.4 million on sales of $933.2 million, versus the year-ago $102.0 million and $652.5 million, respectively. Israel Chemicals reported record sales for the second quarter at $962.9 million, up from the year-ago $847.3 million. Operating income was $167.2 million and net income $125.8 million, versus the year-ago $124.3 million and $92.3 million, respectively. Six-month sales were $1.84 billion, up from $1.56 billion, with six-month operating income of $305.3 million versus the year-ago $260.4 million. Six-month net income was $221.2 million, versus the year-ago $188.9 million. ICL noted that a dividend of $88.1 million will be paid on Sept. 18, 2007.
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