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| Ashland reports 4Q results Ashland Inc. announced a preliminary loss from continuing operations of $1 million, or 1 cent per share, for the quarter ended Sept. 30, 2008, the fourth quarter of Ashland's fiscal year, as compared with income of $32 million, or 51 cents per share, in the year-ago quarter. The September 2008 quarter also included a loss from discontinued operations of $9 million, or 14 cents per share, which primarily consisted of various adjustments to asbestos-related insurance receivables resulting from Ashland's ongoing assessment of these matters. In total, Ashland recorded a net loss of $10 million, or 15 cents per share, versus net income of $32 million, or 51 cents per share, in the same prior-year quarter. write your comments about the article :: © 2008 Construction News :: home page |