StockMarketWire.com - Elementis said profits rose by nearly a third in the first half of the year as revenues were bolstered by the recently acquired Talc business.

For the six months ended 30 June, pre-tax profits were up 31% to $40m as revenue rose 7% to $450m.

The interim dividend of 2.80c per share was up 4% on the prior year.

The company touted improved performance for the second half underpinned by 'self-help initiatives' with $10m cost savings, $22m of new business secured and multiple new product launches in the year.

The company said it continued to expect strategic and financial progress in 2019, broadly in line with expectations, with a continuing focus on cash generation.


At 9:09am: [LON:ELM] Elementis PLC share price was +8.25p at 141.85p



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