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Article: Great Lakes Chemical Corporation reports record results.
- Article from:
- PR Newswire
- Article date:
- January 29, 1991
CopyrightCOPYRIGHT 1991 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 REPORTS RECORD RESULTS
WEST LAFAYETTE, Ind., Jan. 29 /PRNewswire/ -- Great Lakes Chemical Corporation (NYSE: GLK) today announced record net income and record revenues for both the fourth quarter and full year of 1990.
Net income for the year 1990 rose to an all-time high of $140,849,000, or $4.01 per share, representing a 15 percent gain over the $122,918,000, or $3.52 per share, earned one year ago. Revenues rose to $1,113,519,000, up 31 percent from the $847,738,000 registered for 1989.
For the fourth quarter of 1990, net income increased 16 percent to a record $36,577,000, or $1.04 per share, from the $31,457,000, or $.90 ...