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Elementis's profit drops 14% despite stable sales

7:05 AM MST | February 26, 2013 | Francinia Protti-Alvarez

Elementis (London) generated $107.1 million in net profit during 2012, a drop of almost 14% on 2011, the company reported today. The company's operating profit nevertheless grew 5% between 2011 and 2012, from $137.1 million to $143.9 million. Sales figures were also relatively stable, nudging down only slightly, from $760.5 million in 2011 to $757 million last year; sales figures in the specialty products and chromium segments increased by about 2% and 4%, respectively. Sales in specialty products were $458.7 million, compared with $449.9 million in 2011, driven...

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