Cranbury, N.J. — Specialty phosphate producer Innophos Holdings Inc. reported net income of $16.5 million ($0.73 per diluted share) on sales of $214.2 million for the second quarter ending June 30, 2012, compared to the year-ago $20.7 million ($0.92 per share) on sales of $201.6 million. Operating income from the Specialty Phosphate segment was up, at $28.8 million on sales of $194.1 million from the year-ago $27.7 million on sales of $170.6 million. Income from the GTSP/Other segment was in the loss column at $2.5 million on sales of $20.1 million, versus the year-ago positive $4.9 million on sales of $31 million. Innophos six-month net income was $44.1 million ($1.94 per share) on sales of $442.4 million, versus the year-ago $46.7 million ($2.06 per share) on sales of $399.2 million. Six-month Specialty Phosphate income was $55.8 million on sales of $386.6 million, up from the year-ago $52.8 million on sales of $346.4 million. GTSP/Other posted income of $2.1 million on sales of $62.3 million, down from $11.9 million on sales of $61.5 million.
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