Chemtura reports small profit for first half

Middlebury, Connecticut - Chemtura Corp. reported sales of $1932 million for the first half of 2006, compared to the $1192 million a year earlier, prior to the merger of Crompton and Great Lakes.

Operating profit was up by 7 percent, at $114.5 million for the six-month period, while earnings from continuing operations was just $15.7 million, half the figure of $28.4 million reported for the first six months of 2005.

On a pro forma basis, sales declined by 8 percent, while operating profit, earnings from continuing operations declined by 15 percent and 18 percent respectively.

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Press release from Chemtura