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.