ICL reports: Sales totaled $ 2.525 billion in the quarter - 67% increase

ICL, the global mineral mineral company of Idan Ofer, reported its financial results for the first quarter ended March 31, 2022. Sales totaled $ 2.525 billion in the quarter, a 67% increase compared to $ 1.510 billion in the same quarter last year.
Operating profit was $ 902 million, an increase of 388% compared to the same quarter last year, and adjusted operating profit of $ 880 million was up 376%. Net income, $ 632 million, increased 368% compared to the same quarter last year, while adjusted net income, $ 613 million, increased 354%. Adjusted EBITDA was $ 1.002 billion, an increase of 232% compared to $ 302 million in the same quarter last year.
ICL's quarterly results continued to reflect the results of its long-term strategic focus on special solutions and business expansion with its customers, and were significantly strengthened by a significant increase in commodity prices. Strong performance was supported by an increase in demand for the company's products and higher prices in most markets, despite higher raw material costs and global supply chain challenges.
ICC presented record results, despite global uncertainty, and leveraged its flexibility and diversified operations in the face of ongoing supply chain challenges. Once again, all of the company's specialty product activities set new records in quarterly results, with our four business divisions contributing to growth Significant and all-time highs in sales and EBITDA, "said Raviv Zoller, President and CEO of ICC.
"We have continued to focus on the long-term production of cash flows through innovation in our specialty products and through continued streamlining. "We will continue to optimize our relationships with our customers and suppliers, in order to navigate through the challenges of the global supply chain, and work to ens