Brief: ICL Says Q2 Sales Rose 78% To $2.88 Bln

Icl

27/07/2022 07:15

July 27 (Reuters) - Icl Group Ltd  ICL.TA :
    * ICL REPORTS RECORD SECOND QUARTER 2022 RESULTS AND RAISES
GUIDANCE
    * Q2 SALES ROSE 78 PERCENT TO $2.88 BILLION
    * RAISING EXPECTATIONS FOR FULL YEAR ADJUSTED EBITDA TO
RANGE OF
$3,800 MILLION TO $4,000 MILLION, FROM PREVIOUS GUIDANCE OF
$3,500 MILLION TO $3,750 MILLION
    * QTRLY DILUTED EARNINGS PER SHARE 44 CENTS
    * REACHED UNDERSTANDING WITH ISRAELI TAX AUTHORITY AND
SETTLED
DISPUTE CONCERNING ISRAELI LAW FOR TAXATION OF PROFITS FROM
NATURAL RESOURCES
    * AS A RESULT OF SETTLEMENT AGREEMENT, IN Q2 OF 2022,
COMPANY
RECOGNIZED TAX EXPENSES FOR PRIOR YEARS IN AMOUNT OF $188
MILLION

Source text for Eikon:  ID:nBw4LvJZKa 
Further company coverage:  ICL.TA 

 ((Reuters.Briefs@thomsonreuters.com;))