NewMarket net income up 31% to US$52.3 million

NewMarket Corp., the parent company of Afton Chemical Corp. and Ethyl Corp., posted an increase of 31% in net income in the second quarter of 2011, amounting to US$52.3 million. Earnings per share increased by 40% in the second quarter and by 34% in the first half of 2011. Petroleum additives operating profit reached US$85.6 million, up by 12% over the second quarter of last year. Petroleum additives sales also increased and reached US$572.8 million, up by 23% over sales in the second quarter of 2010. (August 18, 2011)