Toronto — Chemtrade Logistics Income Fund shaved its first-quarter losses to C$8.96 million ($0.13 per diluted unit) on revenues of $326 million from the year-ago $21.6 million ($0.39 per unit) and $266.1 million, respectively. Chemtrade cited lower net finance costs in 2015 partially offset by higher levels of depreciation and amortization. The three major company segments all increased their operating earnings. “Chemtrade had a strong start to the year,” said Mark Davis, president and CEO. “The first quarter results reflect the full-quarter contribution of General Chemical business that was acquired in late January 2014. Additionally, we benefited from the strong U.S. dollar and from strength in sulfuric acid.” Sulphur Products and Performance Chemicals had operating income of $20.6 million on revenue of $160.8 million, up from $11.4 million and $137.8 million. Water Solutions and Specialty Chemicals reported income of $13.6 million on revenues of $108.3 million, versus the year-ago $12.8 million and $87.8 million, respectively. International had income of $4.2 million on revenues of $57 million, up from $2.9 million and $40.5 million.
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