LONDON (dpa-AFX) - Specialty chemicals company Elementis PLC (ELM.L) Thursday reported a profit before tax of $39.7 million for the full year, compared with a loss of $54.8 million a year ago, primarily due to higher one-time items in the previous year.
Excluding items, adjusted profit before tax increased to $84.4 million from $80.9 million last year.
Profit from continuing operations was $28.2 million or 4.7 cents per share versus loss of $62.6 million or 10.7 cent per share a year ago.
Adjusted profit from continuing operations was $64.5 million or 10.8 cents per share, comparatively flat with $64.8 million or 10.9 cents per share in the previous year.
The company posted a net profit of $26.5 million or 4.4 cents per share compared with net loss of $51.1 million or 8.8 cents per share last year.
Revenue for the year declined to $713.4 million from $736.4 million in the previous year.
Additionally, Elementis has reinstated and proposed a final dividend of 2.1 cents per share.
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