IHS Chemical Week

People & Business :: Earnings/Finance

RPM net income falls on India charge

9:23 AM MDT | October 3, 2012 | Vincent Valk

RPM’s net income for the first quarter of 2013 fell 56% year-on-year, to $33.9 million, mostly due to a $45.3 million write-down of its minority stake Kemrock Industries and Exports (Vadodara, India), a fiberglass composites and resins maker, due to a steep decline in Kemrock’s share price. Sales rose 6%, to $1.05 billion. Excluding adjustments, earnings totaled $84.8 million, up 10% year-on-year. Adjusted earnings totaled 64 cts/share, matching analysts’ consensus, according to Thomson Reuters (New York). RPM’s fiscal first-quarter ended...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa