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Richmond, Va.-Based Maker of Fuel Additives Reports $16.3 Million Profit.

Richmond Times-Dispatch, Va. Knight Ridder/Tribune Business News

May 7--Ethyl Corp. said it swung to a profit in the first quarter as the company gained from the sale of one business and saw improved results from another.

The Richmond-based maker of fuel and lubricant additives reported a profit of $16.3 million, or 98 cents per share, compared with a loss of $1.6 million, or 10 cents per share, in the year-earlier period.

The results include $14.8 million from discontinued operations, including a gain on the sale of the company's phenolic an

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