TPC Group's Q1 net income triples to $11.4m, sales rise 39%

12 May 2011 22:40  [Source: ICIS news]

HOUSTON (ICIS)--TPC Group’s first-quarter net income almost tripled to $11.4m (€8.0m) as sales rose by 39% year on year, largely driven by high butadiene (BD) prices and demand, the US chemicals producer said on Thursday.

TPC’s sales for the three months ended 31 March were $555.6m, up from $400.7m in the 2010 first quarter.

North America market contract BD prices increased throughout the quarter and outpaced feedstock costs, the company said.

($1 = €0.70)

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By: Stefan Baumgarten
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