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Elementis LogoElementis plc Interim Report 2004
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Highlights

Substantial progress has been made during the first half of 2004.

  • 6 per cent US dollar sales increase
    - 6 per cent sterling decline

  • 9 per cent Specialties sales improvement in US dollars

  • Acquisition of Sasol Servo B.V.
    - Integration in progress

  • Overall profitability impacted by
    - Increased raw material, energy, freight, ERP costs
    - Adverse currency movements
    - Adverse Chromium mix impact

  • Ongoing price increase programme at Elementis Chromium
    - Market demand recovery is evident

  • Construction of new Chinese Pigments plant on schedule

  • ERP system implementation ongoing

Sales

£176.8 million
(2003: £188.7 million)

$321.6 million
(2003: $303.3 million)

Operating profit (before goodwill amortisation and exceptionals)
£5.7 million
(2003: £14.5 million)

Profit before tax, goodwill amortisation and exceptionals
£3.1 million
(2003: £11.4 million)

Earnings per share (before goodwill amortisation and exceptionals)
0.6 pence
(2003: 2.0 pence)

Operating (loss)/profit after goodwill amortisation and exceptionals
£(0.9) million
(2003: £7.3 million)

(Loss)/profit before tax after goodwill amortisation and exceptionals
£(3.5) million
(2003: £5.0 million)

 

 
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