Israel Chemicals Ltd. (TASE: ICL) reported revenue of $1.5 billion in the second quarter of 2010, 38% up on revenue of $1.08 billion in the corresponding quarter of 2009. The company's net profit jumped 94% in the second quarter of 2010 to $296 million from $152 million in the corresponding quarter of 2009.

Sales of potash during the second quarter of 2010 was the second highest for a quarter in the company's history, quadrupling the sales of potash in the corresponding quarter of 2009.

Cash flow in the second quarter of 2010 climbed by 30% to $521 million compared with $400 million in the corresponding quarter of 2009.

In the second quarter of 2010, the company generated $457.1 million in revenue in Asia (30.6%), $442.3 million in Europe (29.6%), $283 million in North America (18.9%), $207.7 million in South America (13.9%), and $87.5 million (5.7%) in the rest of the world.

The company will distribute a dividend of $177 million to shareholders on September 20 2010.

Israel Chemicals share price opened 0.43% up on the TASE this morning at NIS 50.82.

Published by Globes, Israel business news - www.globes-online.com - on August 24, 2010

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