Ashland Oil Inc.’s first-quarter profit rose 20%...
Ashland Oil Inc.’s first-quarter profit rose 20% to $96 million. Sales and operating revenues were up 5% to $2.1 billion. The results include an after-tax gain of $18 million from the sale of Ashland’s carbon black operations. The Ashland, Ky.-based company added $18 million, before taxes, to environmental and litigation reserves.
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