Group earnings per share rise 12 per cent in full year at Elementis

Group earnings per share increased by 12 per cent in the year ending December 31st at specialty chemicals company Elementis.

Group earnings per share increased by 12 per cent in the year ending December 31st at specialty chemicals company Elementis.

In its preliminary results, issued on Tuesday, the company reported that its operating margin had improved to 19% compared to 18% in 2011.

Constant currency sales were up 4.0%, the final ordinary dividend increased by 14% and the total ordinary dividend rose 11%.

Pre-tax profit rose 5.0% to $141.2m compared to $134.5m.

CEO: Highest earnings per share achieved in company's historyCommenting on the results, Group Chief Executive, David Dutro said: "It is my pleasure to report another excellent year for Elementis, as 2012 marked a new level of achievement for the group. Collectively our businesses delivered the highest earnings per share in our company's history.

"This strong performance was achieved in the face of a global economy and market environment that grew more uncertain as the year progressed. Importantly, these results further validate the resilience and inherent quality of our businesses.

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021
The best investment trusts to buy for 2021
Investment trusts

The best investment trusts to buy for 2021

Sectors ranging from emerging markets to student accommodation look poised to do well this year, says David Stevenson, as he picks the best investment…
19 Jan 2021