PetroLogistics announces fourth-quarter results

PetroLogistics (Houston) announced fourth quarter 2012 results after the close of trading on Wednesday. Total sales for the quarter were $166.1 million, up 14% from the year-ago period.  Net income was $25.9 million, compared with a year-ago loss of $27 million. Petrologistics, which operates a 1.45 billion pounds propane dehydrogenation facility in Houston, went public last year. "Although the propylene market environment was generally challenging for most of the second half of last year, propylene prices increased each month of the fourth...

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