Olin posts $47.6 million profit

  • Follow Business

Chemical manufacturer Olin Corp. reported higher profits Tuesday improved pricing and higher sales volumes.

The Missouri-based company reported net income of $47.6 million, or 59 cents a share, in the second quarter, up from a profit of $42.1 million, or 52 cents a share, a year ago.

Olin has a chlorine production plant in east Augusta.

Chlor Alkali product sales for the quarter were $363.2 million, down from $380.3 million in the second quarter of 2011. Chlorine and caustic soda volumes decreased 11 percent compared to the second quarter 2011 levels.

Search Augusta jobs
Top headlines
Early voting in Augusta-area shows increase
Area early voting numbers are dwarfing turnout four years ago, particularly in Republican-leaning Columbia County, and forecast apossible record voting year for the Augusta area.