.Makhteshim Agan Industries Ltd
July 31, 2011
Attn. Attn.
Israel Securities Authority Ltd. The Tel-Aviv Stock Exchange
By Magna By Magna
Dear Sir or Madam,
Re: Makhteshim Agan Industries Ltd (?the Company?) ? Immediate ReportIn reference to the Transaction Report and invitation to the General Meeting that the Company published on July 2, 2011 (ref. no. 199371-01-2011) that is convened for August 7, 2011, the Company announces that having processed and analyzed the financial results for the second quarter of 2011, it estimates as follows:
1. The Company's sales in the second quarter of 2011 are expected to be approximately USD 723 million, which reflects an increase of over 20% as compared with the Company's sales in the corresponding quarter last year (which were USD 601 million).
2. Operating profit in the second quarter of 2011 is expected to be USD approxemetly
87 million, which reflects an increase of approximately 98% on the operating profit of the corresponding quarter last year (which was USD 44 million). Israel ,70151Airport City ,298POB :Tefaxl 972-73-232 1937 :Web site com.industries-ma.www:mail-E com.industries-ma@office?"?? ?????? ??? ??????.Makhteshim Agan Industries Ltd
3. Net profit in the second quarter of 2011 is expected to be approximately USD 45 million, which reflects an increase of approximately 266% on the net profit of the corresponding quarter last year (which was USD 12.4 million).
It is pointed out that above are only estimates, based upon preliminary information in the Company's possession, which has not yet been reviewed by the Company's auditors. The said estimates may change, inter alia, when completing processing and analysis of the financial data, which will be carried out by the Company in order to prepare the financial statements for the second quarter of 2011, which are expected to be published during August 2011.
Sincerely,Makhteshim Agan Industries LtdAdv. Michal Arlosoroff, Legal Counsel & Company
Secretary
Israel ,70151Airport City
,298POB :Tefaxl 972-73-232 1937 :Web site com.industries-ma.www:mail-E com.industries-ma@office