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Markets :: Basic Chemicals :: Inorganic Chemicals :: Titanium Dioxide
Tronox reports major loss in earnings as mineral sands integration continues
11:23 AM MST | February 21, 2013 | Lindsay Frost
Tronox says that while the fourth quarter remained challenging, signs of recovery in titanium dioxide (TiO2) are an indicator of a stronger market in 2013. Net income was reported at a loss of $96 million compared to a gain of $67 million in fourth-quarter 2011. Earnings per share at a loss of 82 cts/share were lower than analyst estimates of a loss of 25 cts/share, as reported by Thomson Reuters (New York). However, total revenue was up 26%, to $482 million year-on-year (YOY). "The fourth quarter remained challenging but we may have seen the first glimpse...
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