Asia Carbon Industries, Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net sales of $12,699,296 compared with $10,997,216 for the same period last year. Income from operations was $2,360,282 compared with $2,177,801 for the same period last year. Interest income was $4,881 compared with $9,855 for the same period last year. Income before provision for tax was $2,315,274 compared with $2,141,966 for the same period last year. Net income was $1,697,915 or $0.03 diluted per share compared with $1,527,662 or $0.03 diluted per share for the same period last year.

For the nine months, the company reported net sales of $38,475,522 compared with $37,939,604 for the same period last year. Income from operations was $7,480,129 compared with $7,781,545 for the same period last year. Interest income was $22,985 compared with $18,803 for the same period last year. Income before provision for tax was $7,358,344 compared with $7,696,598 for the same period last year. Net income was $5,376,473 or $0.10 diluted per share compared with $5,614,575 or $0.11 diluted per share for the same period last year. The increase in net income reflects increased sales and reduced operating expenses. The increase in sales was primarily the result of increased sales quantities which were offset by decreased unit selling prices. The increase in net income reflects increased sales and reduced operating expenses.

For the quarter, the company reported 14,393 tons compared with 11,498 toms for the same period last year. Tonnage sales of carbon black increased to 13,343 tons in the quarter ended September 30, 2012, up 21% from 10,988 tons in the same period in 2011.