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Albemarle Corporation

Chemical supplier reports earnings of $0.50 per share

Published in Health Business Week, August 20th, 2004

Albemarle Corporation (ALB) reported second quarter 2004 earnings of $21.1 million or 50 cents per share on a diluted basis, excluding a $.6 million pre-tax special charge, equivalent to approximately one cent per diluted share.

Including the special item, Albemarle's second-quarter 2004 net income was $20.8 million or 49 cents per share on a diluted basis. Included in Albemarle's second-quarter 2004 results is $2.9 million of realized foreign exchange hedging gains ($1.8 million after income taxes, or four cents per share on a diluted basis) associated with the company's planned acquisition of Akzo Nobel's refinery catalyst business.

Albemarle's...

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