Tel-Aviv-New acquisitions boosted ICL Group to record revenues during the second quarter ending June 30, helping the company offset a significant reduction in potash sales during the quarter. Like other major suppliers, ICL Fertilizers has since concluded new contracts with major buyers China and India, and shipments are expected to rebound in the second half. Company-wide, ICL had net income of $92.3 million on record sales of $847.3 million for the quarter, compared to the year-ago $101.2 million and $773.9 million, respectively. Six-month net income was $188.9 million on sales of $1.56 billion, versus the year-ago $196.5 million and $1.48 billion, respectively. ICL Fertilizers reported a 45.8 percent decline in operating income and a 16 percent decline in sales during the second quarter, to $46.6 million and $358.6 million, respectively, compared to the year-ago $85.8 million and $428.1 million, respectively. Six-month ICL Fertilizer income was $100.4 million on sales of $639.7 million, versus the year-ago $168.9 million and $809.5 million, respectively.
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