MIDDLEBURYG, Conn. (Aug. 7) — Chemtura Corp. reported sales of $1.93 billion for the first half of 2006, up 62 percent over a year earlier, prior to the merger of Crompton Corp. and Great Lakes Chemical.
Operating profit was up by 7 percent, at $114.5 million for the six-month period, while earnings from continuing operations were just $15.7 million, half the figure of $28.4 million reported for the first six months of 2005.
On a pro forma basis, sales declined by 8 percent, while operating earnings from continuing operations declined by 15 percent and 18 percent respectively.