* Q4 shr loss incl items $0.01 vs est of -$0.26
* Q4 revenue down 2 pct
* Shares up 13 percent
Feb 16 Specialty chemicals company Innospec Inc
(IOSP.O) posted a narrower-than-expected quarterly loss, helped
by higher volumes and strong margins at its core fuel
specialties segment, sending its shares up as much as 13
For the fourth quarter, the company's net loss was $300,000
or 1 cent a share, compared with income of $5 million, or 20
cents a share, a year earlier. Excluding items, net income for
the quarter was 65 cents a share.
Net sales for the quarter fell 2 percent to $164.2 million.
Analysts on average were expecting the company to post a
fourth quarter loss of 26 cents a share, on revenue of $138.6
million, according to Thomson Reuters I/B/E/S,
Innospec said fuel specialties reported a 10 percent
increase in operating income and volumes rose by a percent,
while sales at its active chemicals unit rose 16 percent.
The company also said it expects cash contributions and
quarterly accruals related to its United Kingdom defined
benefit pension plan to increase in 2010 and that it was taking
steps to reduce exposure to additional pension liabilities.
Shares of the company went up as much as $10.78 before
paring gains to trade 8 percent up at $10.28 Monday morning on
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(Reporting by Arup Roychoudhury in Bangalore; Editing by