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First Colony.

Stronger chemicals operating results and higher realized investment gains by its former subsidiary, First Colony, both contributed to improvements in net income and earnings per share for Ethyl Corp., the Richmond, VA, based chemicals company. Net income for the quarter was $75.8 million, up from $52 million in 1992. For the six-month period net income was $147.6 million. Revenues for the quarter increased 32% over 1992 to reach $873 million. For the half year, total revenues were $1.7 billion, up 27% from the 1992 period. Company president Bruce C. Gottwald said continued weakness in alpha olefins and polysilicon affected results for both the quarter and the half.
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Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business Briefs: Corporate, Financial News
Publication:Rubber World
Article Type:Brief Article
Date:Aug 1, 1993
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