THE VIRGINIAN-PILOT 
              Copyright (c) 1994, Landmark Communications, Inc.

DATE: Thursday, July 21, 1994                TAG: 9407210764
SECTION: BUSINESS                 PAGE: D2   EDITION: FINAL 
                                             LENGTH: Short :   22 lines

ETHYL SAYS EARNINGS INCREASED: ETHYL CORP. REPORTED WEDNESDAY THAT NET INCOME FOR THE SECOND QUARTER OF 1994 WAS $30.4 MILLION, OR 26 CENTS A SHARE, ON SALES OF $276.1 MILLION. IN THE SECOND QUARTER LAST YEAR, BEFORE IT SPUN OFF FIRST COLONY CORP. ON JUNE 1, 1993, AND ALBEMARLE CORP. ON FEB. 28, THE RICHMOND-BASED CHEMICALS COMPANY MADE $75.8 MILLION, OR 64 CENTS A SHARE, ON SALES OF $495 MILLION. ON A PRO FORMA BASIS, REFLECTING SECOND-QUARTER 1993 RESULTS WITHOUT THE CONTRIBUTION OF THE SPUN-OFF COMPANIES, ETHYL'S SECOND-QUARTER 1993 EARNINGS WERE $26.8 MILLION, OR 22 CENTS A SHARE, ON SALES OF $268.4 MILLION. - STAFF by CNB