Chemicals and lubricants maker Detrex Corp. (DTRX.PK) Thursday said its first-quarter profit from continuing operations increased to $726 thousand or $0.42 per share from $627 thousand or $0.39 per share in the year-ago quarter.
The recent first quarter includes a $16.9 million gain on sale of the company's plastic manufacturing subsidiary. Net income was $17.6 million compared to $1.2 million last year.
First-quarter revenues were $12.3 million, up 6.5 percent from $11.5 million last year reflecting improved demand for domestic lubricant additives.
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