Tronox reports loss on weak TiO2 markets

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 the 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-over-year. “The fourth quarter remained challenging but we may have seen the first glimpse of a...

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