CHEMICAL EARNINGS

CHEMICAL EARNINGS

NL Industries Posts

Turnaround in QuarterNL Industries Inc. announced first-quarter net income of $35.1 million, or 6 cents a share, a turnaround from a loss of $12.5 million in the comparable 1987 quarter.

Sales for the quarter were $373.5 million, compared with $308.5 million last year.

The chemicals business segment reported operating income of $68.7 million on sales of $256.9 million during the first quarter of 1988. This compares with operating income of $44.9 million in the fourth quarter of 1987 and $44.7 million in the first quarter of 1987 on sales on $210.9 million and $197.4 million, respectively.

Demand for the company's titanium dioxide pigments remained strong during the quarter, with continued tight supply and strong prices. A new titanium dioxide chloride plant in Canada, which started up in the fourth quarter of 1987, reached scheduled production levels in the first quarter of 1988.

Henkel Notes Increase

In Profit for 1987

DUSSELDORF, West Germany - West German chemicals group Henkel KGaA reported a 29 percent increase in net consolidated profit for 1987 to 292 million Deutschmarks.

Consolidated sales rose 6 percent to 9.26 billion marks, the company announced. It declared a dividend of 8.00 marks a share, up from 7.5 last year.