Ethyl Corp. reported that third-quarter net income fell 12 % from a year-earlier quarter helped by a gain from discontinued operations . Profit from continuing operations rose 19 % . The chemicals and insurance company said net in the latest quarter was $ 54.8 million , or 45 cents a share . In the year-earlier quarter , net was $ 62.2 million , or 51 cents a share . The previous-year quarter included $ 16.1 million from businesses spun off as Tredegar Industries Inc . Revenue was $ 613.7 million , up 18 % from $ 521.2 million a year ago . Ethyl said pretax profit from its insurance segment , excluding investment gains , rose 28 % in the latest quarter to $ 28.6 million from $ 22.4 million . In the chemicals segment , pretax profit rose 7 % to $ 69.2 million from $ 64.9 million . The company 's chemicals interests include , among other things , petroleum additives , pharmaceuticals ingredients and polysilicon used by the semiconductor industry . For the nine months , Ethyl said net fell 2 % to $ 168.7 million , or $ 1.40 a share , from $ 172.2 million , $ 1.42 a share , a year ago . Net in the latest period included $ 11.9 million from discontinued operations and a charge of $ 6.2 million from a plant closing . In the year-ago period , net included $ 32.7 million from discontinued operations . Revenue was $ 1.79 billion , up 18 % from $ 1.52 billion a year earlier . In New York Stock Exchange composite trading , Ethyl closed at $ 25.875 a share , up 12.5 cents .