UPDATE: KMG Chemicals Posts Rise In Q2 Profit

KMG Chemicals Inc KMGB posted an increase in its second-quarter profit. KMG Chemicals' quarterly net income rose to $2.5 million, or $0.21 per share, versus $2.4 million, or $0.21 per share, in the year-earlier period. KMG Chemicals' revenue climbed 7.3% to $69.7 million. The electronic chemicals segment's sales surged 7.2% to $38.6 million. KMGB shares closed at $17.62 yesterday.