Ashland Inc., Covington, KY, reported preliminary profit for the quarter ended June 30, 2008, of $72 million, a decrease of 28% from the prior year. Sales and operating revenues increased 11% over third quarter 2007 to $2.2 billion.
For the first nine months, Ashland reported profit of $177 million, down 10.6% from the same period 2007. Sales and operating revenue totaled $6.2 billion, an increase of 8.2% over the same period a year ago.
Segment results
Performance Materials’sales and operating revenues of $425 million increased 6%, but volume per day declined 4%, both as compared with the June 2007 quarter. The unit was impacted by increased raw material costs in all of Performance Materials’business units.
Distribution’s volume per day …
Ashland Inc. Sales Grow 11% in 3Q
Ashland Inc., Covington, KY, reported preliminary profit for the quarter ended June 30, 2008, of $72 million, a decrease of 28% from the prior year. Sales and operating revenues increased 11% over third quarter 2007 to $2.2 billion.
For the first nine months, Ashland reported profit of $177 million, down 10.6% from the same period 2007. Sales and operating revenue totaled $6.2 billion, an increase of 8.2% over the same period a year ago.
Segment results
Performance Materials’sales and operating revenues of $425 million increased 6%, but volume per day declined 4%, both as compared with the June 2007 quarter. The unit was impacted by increased raw material costs in all of Performance Materials’business units.
Distribution’s volume per day …
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