Chemtura reported a second-quarter net loss from continuing operations of $41 million compared to a net loss of $56 million in the year-ago quarter. Sales increased 22%, to $767 million. On a managed basis, which excludes certain bankruptcy- and restructuring-related losses and gains, Chemtura says it posted net earnings of $40 million, compared to a loss of $1 million in the year-ago quarter. Higher volumes boosted sales by $129 million and higher selling prices added $15 million to sales, partly offset by unfavorable foreign currency translation of $6 million. The increase in volume was principally within the industrial performance and industrial engineered products segments, which were among the hardest hit by recession in early 2009, Chemtura said in regulatory filings.
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