Advertisement

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%.

Advertisement - Article continues below

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

Advertisement
Advertisement

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
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

OBR: UK house prices could fall by 12% next year
House prices

OBR: UK house prices could fall by 12% next year

The Office for Budget Responsibility says UK house prices could fall by as much as 12% next year. John Stepek looks at how likely that is.
14 Jul 2020
Three ideas for Lloyds Bank's new boss
UK stockmarkets

Three ideas for Lloyds Bank's new boss

The Black Horse needs whipping into shape. A change at the top provides a great opportunity, says Matthew Lynn.
12 Jul 2020
We’re spending more than at any time since World War II – how will we pay it back?
UK Economy

We’re spending more than at any time since World War II – how will we pay it back?

With the UK spending vast sums on stimulus measures, this year’s budget deficit will be greater than at any time since World War II. The big question,…
14 Jul 2020