Dead Sea Works recorded a 34.6% increase in profits in Q4 1996, up to NIS 30.3 million.
The Dead Sea Works company wound up 1996 with a net profit of NIS 129.5 million, an increase of 13% compared to its net profit of NIS 114.3 million in 1995. For the last quarter of 1996, the company‘s net profit amounted to NIS 30.3 million, 34.6% higher than the net profit of NIS 22.5% in the corresponding period of 1995.
Company Chairman Uri Ben-Noon stated that in 1996, demand on world potash markets declined, and as a result, the quantity of potash sold was reduced. Even so, potash prices continued to maintain the high level of the previous year, thanks to the company’s selective selling policy.