July 26, 2012 / 10:18 AM / 5 years ago

Ashland profit rises on specialty ingredients unit

1 Min Read

July 19 (Reuters) - Chemical maker Ashland Inc posted a higher quarterly profit on improved earnings at its specialty ingredients business, driven by demand from energy and construction markets.

Income from continuing operations rose to $160 million, or $2 per share, in the third quarter, from $75 million, or 94 cents per share, a year earlier.

Revenue rose to 2.1 billion.

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