Cranbury, N.J.-Specialty phosphate producer Innophos Holdings Inc., a spin-off from Rhodia Inc., saw reduced income due to some $24.6 million in IPO and debt reduction expenses in 2006. The company had a net loss of $32.8 million on sales of $541.8 million for the year ending Dec. 31, 2006, versus the year-ago loss of $11.7 million and $535.5 million. Operating income was $30.9 million in 2006, versus 2005’s $41.3 million. There was a fourth-quarter net loss of $24.7 million on sales of $131.6 million, versus the year-ago loss of $5.2 million and $129.4 million, respectively, as well as an operating loss of $3.9 million versus year-ago operating income of $10.1 million.
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