July 25, 2013 / 10:16 AM / 4 years ago

W.R. Grace's profit rises due to growth in construction products

July 25 (Reuters) - U.S. chemical maker W.R. Grace & Co posted a 19 percent rise in second-quarter profit, helped by growth in construction products and engineered materials.

Net income attributable to W.R. Grace & Co shareholders rose to $82.8 million, or $1.07 per share, from $69.3 million, or 90 cents per share, a year earlier.

Excluding one-time items, it earned $1.12 per share.

Net sales fell 3 percent to $802.8 million.

Grace makes catalysts that mimic the chemical makeup of shale oil. Tesoro Corp, Citgo Petroleum Corp and other refinery customers pay a premium for these catalysts.

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