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Article: Great Lakes Chemical Corporation reports first-quarter earnings.
- Article from:
- PR Newswire
- Article date:
- April 17, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GREAT LAKES CHEMICAL CORPORATION REPORTS FIRST QUARTER EARNINGS
WEST LAFAYETTE, Ind., April 17 /PRNewswire/ -- Great Lakes Chemical Corporation (NYSE: GLK), today announced record net income and revenues for the 1989 first quarter.
Net income for the quarter rose 19 percent to an all-time high of $28,575,000 or $1.64 per share, compared to the $23,973,000 or $1.38 per share, reported in the first quarter of 1988. Also a record, revenues of $158,076,000 increased 4 percent over the $151,923,000 registered in the corresponding period one year ago.
Emerson Kampen, chairman and CEO of the company, stated, "The momentum gained following ...