Chemtura's agchem sales up 13% in Q3
Improved sales volumes in all regions except Asia Pacific boosted Chemtura AgroSolutions’ revenues by 13% in the third quarter of 2011, according to provisional figures. Sales amounted to $93 million in the third quarter of 2010 ( Agrow No 604, p 5). Operating profit on a managed basis was $2 million higher than in that period due to higher sales volumes and lower selling, general, administrative and research expenses. Provisionally reported profit is $5 million higher because the previous year’s figure of $6 million was impacted by a $3 million legal settlement. Chemtura’s third-quarter results are due to be issued on November 1st.