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ARCO CHEMICAL REPORTS PRELIMINARY FIRST QUARTER 1992 RESULTS

 ARCO CHEMICAL REPORTS PRELIMINARY FIRST QUARTER 1992 RESULTS
 NEWTOWN SQUARE, Pa., April 16 /PRNewswire/ -- In view of unusual market activity, ARCO Chemical Company (NYSE:RCM) has reported its preliminary first quarter earnings.
 First quarter 1992 net income is expected to be $61 million, or $.64 per share. First quarter 199l net income was $52 million, or $0.54 per share, and included $35 million after tax, or $0.37 per share, in income from business interruption insurance. Fourth quarter 1991 net income was $68 million, or $0.71 per share, also including business interruption insurance income of $37 million after tax, or $0.39 per share.
 Alan R. Hirsig, president and chief executive officer, said: "First quarter 1992 operating performance of $61 million is greatly improved compared to the $17 million of net income from a year ago and $31 million of net income from last quarter, in each case excluding business interruption insurance. Most of this increase was attributable to lower raw material costs for most of our key feedstocks combined with higher MTBE prices. We have not as yet seen the volume growth necessary to indicate a sustained recovery is underway."
 The company said it expects to issue its regular quarterly earnings release, including its customary discussion of factors affecting performance, on Thursday, April 23, 1992. The company said it will also announce its quarterly dividend declaration on Monday, April 20. The amount of the dividend has not changed. The company has no other material announcement pending.
 /delval/
 -0- 4/16/92
 /CONTACT: Gerald T. Davis (media), 215-359-3198, or Marcia H. Gesser (investors), 215-359-3382, both of ARCO Chemical/
 (RCM) CO: ARCO Chemical Company ST: Pennsylvania IN: CHM SU: ERP


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Date:Apr 16, 1992
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