Feb 25 Specialty chemical maker Elementis Plc
reported a lower-than-expected rise in full-year sales
and profit due to a maintenance shutdown at its chromium
business in the first half of 2013.
Elementis, which makes additives used in oilfields,
industrial coatings and cosmetics, said pretax profit for the
year ended Dec. 31 increased 2 percent to $136.0 million.
Revenue rose 3 percent to $776.8 million.
Analysts on average expected revenue of $779.9 million and a
pretax profit of $141.4 million, according to Thomson Reuters
Elementis said sales from its chromium business, which makes
chemicals used to make products such as metals, wood and leather
more durable, were impacted by a maintenance shutdown in the
early part of the year.
The company's shares were down marginally at 275.4 pence in
early trading on the London Stock Exchange on Tuesday.