Tags: Rockwood | pigments | charges | profit

Rockwood Profit Plunges Due to Charges, Weak Pigment Business

Monday, 05 Aug 2013 06:51 AM

U.S. chemical maker Rockwood Holdings Inc.'s quarterly profit plunged 86 percent due to charges related to the sale of two businesses and weakness in its paint pigments business.

Net income fell to $32.3 million, or 41 cents per share, in the second quarter from $224.9 million, or $2.81 per share, a year earlier.

Income in the year-ago quarter included a tax benefit of $125.8 million.

Revenue rose about 7 percent to $972.3 million.

© 2017 Thomson/Reuters. All rights reserved.

 
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U.S. chemical maker Rockwood Holdings Inc.'s quarterly profit plunged 86 percent due to charges related to the sale of two businesses and weakness in its paint pigments business.
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2013-51-05
Monday, 05 Aug 2013 06:51 AM
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