US Lime & Minerals net income slumps by 55%
Published: Friday, 07 August 2015
Bad weather in in H1 2015 has weighed on US Lime and Minerals’ profits, however the company expects demand to return in the second half of the year.
US Lime & Minerals Inc. has reported a
net profit of $2.56m for Q2 2015, down 55% year-on-year (y-o-y)
from 2014’s figure of $5.72m.
Revenues for the business also dropped, by 16.1% y-o-y, to
$32.5m. The company’s small natural gas
arm’s revenues declined by...