Israel Chemicals (TASE: ICL: NYSE: ICL) today published its financial statements for the fourth quarter of 2016 and the full year. The company reported $5.36 billion in revenue in 2016, down slightly, compared with $5.36 million in 2015, with a net loss of $122 million, $0.10 per share, compared with a $509 million net profit in 2015.
The company's revenue totaled $1.33 billion in the fourth quarter, compared with $1.42 billion in the corresponding quarter in 2015. Quarterly profit was down sharply from $96 million in the fourth quarter of 2015 to $32 million in the fourth quarter of 2016.
Cash flow from current activities shot up to $257 million in the fourth quarter, compared with $58 million in the fourth quarter of the previous year. Cash flow totaled $966 in 2016, compared with $573 million in 2015.
CEO Asher Grinbaum said upon publication of his company' results, "We're satisfied with the company's performance, taking the challenging market conditions into account."
Published by Globes [online], Israel Business News - www.globes-online.com - on February 15, 2017
© Copyright of Globes Publisher Itonut (1983) Ltd. 2017
You comment was recieved and soon will be published.
Thank you for posting your comment, which will be reviewed for publication.
Load more comments