Israel Chemicals Reports Strong Rise In Q3 Profit

Israel Chemicals Ltd ISCHY reported a rise in its third-quarter net profit. ICL's quarterly net profit surged to $436 million, from $243 million, in the year-ago period. Its revenue jumped 36% to $1.898 billion. However, analysts were expecting a net profit of $445 million on revenue of $1.891 billion. ICL's industrial products division reported a 21% surge in sales to $381 million. ICL also announced its plans to pay a dividend of $300 million for the quarter, versus $298 million in the second quarter. ICL shares closed at $10.90 on Friday.