LSB Industries Inc. reported a 31 percent increase in Agricultural volumes for the second-quarter ending June 30, 2016, though average selling prices were off 28-30 percent depending on commodity. Industrial, Mining and Other Chemicals saw a 5 percent drop in volumes
LSB reported an operating loss of $8.9 million compared to a year-ago loss of $1.6 million. Sales were $110 million, down from $125.5 million.
LSB reported a loss from continuing operations of $7.7 million, versus the year-ago loss of $2.9 million. Net income from discontinued operations were $22.8 million up from $3.3 million. LSB sold its Climate segment July 1.
Overall, the company reported net income of $15.1 million, up from the year-ago $417,000. Net income attributable to common shareholders was $5 million, up from $417,000.