Nalco Chemical Co.’s third-quarter profit before a special charge rose 11 percent, to $43 million, or 54 cents a share, from $38.7 million, or 47 cents a share, a year earlier. After the special charge of $35.5 million, net income in the latest period was $7.5 million, or 8 cents a share. Naperville-based Nalco said its charge related to Nalco/Exxon Energy Chemicals and a global consolidation plan. Revenues in the latest period slipped to $343 million from $354 million.
For the first nine months, Nalco’s profit, before special items, slipped to $110 million, or $1.37 a share, from $112 million, also $1.37 a share, a year earlier. After charges, net income in the latest period was $74.4 million, or 91 cents a share. Sales slipped 1 percent to $1.03 billion.
