Toronto-Marsulex Inc. reported a 54.3 percent drop in net income for the second quarter ending June 30, 2010, to C$7.9 million from the year-ago $17.3 million. However, Marsulex noted that EBITDA of $21.9 million was the second highest on record, surpassing the year-ago $35.2 million. Marsulex said it continues with its strategic review, and it is unable to say how long the process will take or if it will result in a transaction. Second-quarter sales were $81 million, down from the year-ago sales of $89.4 million. Six-month net income was $11.7 million on sales of $143.7 million, down from the year-ago net income of $18.9 million on sales of $157.9 million. Second-quarter EBITDA was $36.5 million, down from the year-ago EBITDA of $46.7 million.
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