Albemarle swings to quarterly loss on charges tied to Ketjen sale

Reuters

Feb 12

Feb 11 (Reuters) - Albemarle ALB.N, the world's largest producer of lithium, said on Wednesday it swung to a quarterly loss largely due to charges tied to the upcoming sale of its Ketjen refining catalyst business.

For the quarter ended December 31, the company posted a net loss of $455.9 million, or $3.87 per share, compared to a net profit of $33.6 million, or 29 cents per share, in the year-ago quarter.

(Reporting by Ernest Scheyder; Editing by Chris Reese)

((ernest.scheyder@thomsonreuters.com; X: @ErnestScheyder; +1-469-691-7667; Reuters Messaging: ernest.scheyder.thomsonreuters.com@reuters.net))

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For the quarter ended December 31, the company posted a net loss of $455.9 million, or $3.87 per share, compared to a net profit of $33.6 million, or 29 cents per share, in the year-ago quarter. (Reporting by Ernest Scheyder; Editing by Chris Reese) ((ernest.scheyder@thomsonreuters.com; X: @ErnestScheyder; +1-469-691-7667; Reuters Messaging: ernest.scheyder.thomsonreuters.com@reuters.net))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":true,"code":"91000000","status":"200"}}}