StockMarketWire.com - Specialty chemicals company Elementis boosted annual profits after it almost tripled sales at its personal care division.

Adjusted pre-tax profit rose 25% to $115.2m, as revenue increased by 26% to $830.3m.

The company declared a full-year dividend of 8.80c per share, up 4%.

'In 2017 Elementis has delivered significant strategic and financial progress,' chief executive Paul Waterman said.

'Operating profit rose across all of our three business segments, with particularly strong performance in Personal Care where we continue to see high demand for our unique hectorite based products.'

'In 2018 we will continue to reallocate resources to our best growth and productivity opportunities while further improving our cash flow profile. We have started the year positively and are focused on making further progress in 2018.'


At 2:45pm: [LON:ELM] Elementis PLC share price was -0.4p at 281.2p



Story provided by StockMarketWire.com