Israel Chemicals today announced its results for 2000, showing a 20% decrease in its annual profit, which reached just $100 million, compared to a profit of $125.2 million in 1999.

Its fourth quarter results were even worse, with net profit reaching just $16 million, on a sales turnover of $470 million. That's compared to a profit of $52 million on a $500 million turnover in the corresponding quarter of the previous year.

But the company's income for 2000 remained stable at $1.8 billion, which is similar to its income during 1999. Israel Chemicals is owned by the

Israel Corporation

.

Israel Chemicals' activities are divided between three main divisions including the Dead Sea Works, Rotem Fertilizers and the Dead Sea Bromine Group, which ceased trading several months ago.