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.
Chemtura also said today that its second-quarter earnings report included an additional charge of $3 million for antitrust costs on top of the $29.3 million it already reported.
The company said the additional charge reflects ongoing settlement discussions that have taken place since 2 Aug.
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.