Toronto-Chemtrade Logistics Income Fund reported net earnings of C$11.9 million on sales of $151.3 million for the fourth quarter ending Dec. 31, 2010, compared to the year-ago $12.5 million on sales of $132.8 million. Fourth-quarter EBITDA was $16.3 million, versus the year-ago $24.1 million. Chemtrade said the revenue increase for the quarter reflects improved demand and volume for sulfuric acid, and higher sulfur prices. The full benefit of these factors were not fully realized due to reduced product available due to sourcing changes from Vale S.A., as well as reduced supply from the Beaumont facility, which was still offline during half of the fourth quarter. Full-year net earnings were $34.9 million on sales of $558.1 million, down from the prior year’s $46.9 million on sales of $546.2 million. EBITDA was also down at $76.4 million from $81.3 million.
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