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People & Business :: Earnings/Finance
TPC Group Net Income Declines 27%
3:53 PM MST | November 10, 2011 | Robert Westervelt
TPC Group (TPCG; Houston) posted third-quarter net income of $9.4 million, down 27% from the year-ago quarter, as profit fell due to higher interest expense of $5.4 million. Revenues were $835 million, up 67% versus the prior year on a 9% increase in volumes. TPCG officials “anticipate a challenging fourth quarter, and we believe the market will come back into balance in early 2012.”...
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