	diamond shamrock dia sees better ings diamond shamrock corp which will split this month into two separate companies expects to show improved ings in over last year executives of the new company told reuters charles blackburn president and chief executive officer of diamond shamrock and the new company which will emphasize exploration and production said ings wil be better than in he declined to say how much better in diamond shamrock reported a loss of mln dlrs on total revenues of billion dlrs exploration and production lost mln dlrs on revenues of mln dlrs roger hemminghaus diamond shamrock vice president and soon to be chief executive of the spin off diamond shamrock refining and marketing co said refining and marketing is a margin business the margins will return and this will be a better year than in refining and marketing showed operating profits of mln dlrs on revenues of billion dlrs we are also expecting to be in the black in the first quarter heminghaus added in the first quarter of the refining and marketing segment showed a loss of mln dlrs on revenues of mln dlrs the executives were in new york for meetings with institutional investors aimed at increasing interest in the company s stock on the new york stock exchange diamond shamrock was trading at down earlier this year t boone pickens offered dlrs a share for diamond shamrock and management countered with an offer at dlrs and a decision to split off the refining and marketing operation to its shareholders our advisors convinced us the market would give higher multiples for pure plays blackburn said reuter 
