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UPDATE 1-Arch Chemicals second-quarter profit slips

Thu Jul 30, 2009 8:57am EDT

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* Q2 earnings per share $1.23

* Q2 sales $414.2 mln vs $469.6 mln year ago

NEW YORK, July 30 (Reuters) - Arch Chemicals Inc (ARJ.N) said on Thursday that second-quarter profit fell as lower volumes and unfavorable foreign exchange rates offset higher pricing and the favorable impact of the Advantis acquisition.

Net earnings declined to $30.9 million, or $1.23 per share, from $33.2 million, or $1.33 per share, a year earlier, the Norwalk, Connecticut-based company said.

Revenue fell to $414.2 million from $469.6 million. (Reporting by Steve James; Editing by Lisa Von Ahn)



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