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Israel Chemicals reports record first quarter.
(From Israel Business Arena)
Byline: Globes correspondent
Israel Chemicals (TASE: CLIM) reported its first quarter results this morning. As far as the bottom line in concerned, the report can be regarded as a continuation of the improving results the company has produced in the past few quarters. Revenue was a little below market expectations, but the company's profit margins, operating profit, and net profit beat analysts' forecasts.
Israel Chemicals posted record revenue of $710 million in the quarter, but the analysts had forecast $740 million. The revenue figure is nevertheless 14.7% higher than in the first quarter of 2004. Sales in Asia …
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