Document z5oQebd9EZbk57Ywa62pqGDR

Organic Materials Group (S Millions) Saies Operating profit Other income Operarng income Total assets Depreciation Capitni investment See also Table 4 on page a I. 1978 S482.5 $ 43.3 .2 $ 43.5 S316.2 S 18.3 S 65.1 1977 S427.8 S 48.0 1.8 S 49.8 S282.5 S 14.5 S 46.4 1976 $384 a S 53.0 2.8 S 55.3 S216.9 $ 12.0 S 34.0 1975 $323.3 S 47.6 1.8 S 49.4 $174.3 S 8.6 S 26.6 1974 S285.3 S 47.2 1.6 S 48.3 S150.6 S 6.9 S 27.3 1978 Operating Review Operating :ncome decreasea oy '.3% on a sales increase of '3%. Atthougn severe winter weather ana effects from the orolonged coal strike contributed ;o ;ne decline, the maior impact resulted from prccuction prooiems ana eauipment write-offs that sig nificantly recucec sates and profits of impor tant incjstnai chemicals. income improved for industrial products --founcry coke, creosote ana caroon pitch. All coke proouceo in 1973 was smoped as a result of strong demand in the foundry mar ket. but the volume was slightly lower than in the prior year because of coat snonages due to strikes m the coal and rail industries and to a high inventory position that benefited "Our aggressive expansion program in new and upgraded facilities has created an effi cient manufacturing base In a set of highly capital-intensive businesses." --^Edward O. Loach, President