Tronox reports major loss in earnings as mineral sands integration continues

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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