(Source: Datamonitor)
Texas Petrochemicals has reported a net income of $3.7 million, or $0.21 per diluted share, for the first quarter of fiscal 2010, compared to $1.4 million, or $0.08 per diluted share, for the first quarter of fiscal 2009.
Revenues for the first quarter of fiscal 2010 were $340.2 million, compared to $543.3 million for the first quarter of fiscal 2009.
Texas Petrochemicals has reported a gross profit of $57.8 million for the first quarter of fiscal 2010, compared to $62.1 million for the corresponding period of fiscal 2009.
Charlie Shaver, president and CEO of Texas Petrochemicals, said: "I am quite pleased with our fiscal 2010 first quarter results considering the generally weak economic conditions that persisted throughout the quarter. Our business lines continue to experience an upward trend in selling prices across our product lines, and we are seeing improved stability in our profit margins."
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