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Chase Q2 Profit Declines

Chase Corp. (CCF: Quote) Thursday reported second-quarter net income of $1.2 million or $0.13 per share, compared to $1.4 million or $0.16 per share last year.

Revenues for the quarter grew 11.8 percent to $29.4 million from $26.3 million last year.

Costs of products and services sold increased to $21.0 million from $17.4 million last year.

Chief Executive Peter Chase said, "We are off to a good start in March and look for better results as we move ahead. Our merger and acquisition program remains active with a number of potential candidates."

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by RTT Staff Writer

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