25th Oct 2013 06:48
LONDON (Alliance News) - Specialty chemicals company Elementis PLC (ELM.L) posted a 12% sales growth for the three months ended September 30 and said it expects full-year earnings per share to be in line with market expectations.
For the three-month period, specialty products sales improved by 15%, or 8% excluding acquisitions and currency.
In coatings segment, sales were up 12% in North America and 11% in Asia Pacific. Latin American sales surged 68%, driven by the acquisition of Watercryl and expansion of Watercryl sales outside of Brazil.
In personal care, sales improved by 16% or 13% excluding currency.
Copyright RTT News/dpa-AFX
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