Sales drop 10% for Elementis as slow oil market bites
Published: Tuesday, 28 July 2015
Profits and revenues fell in tandem for the UK-listed speciality chemicals maker, with low oilfield activity knocking 30% of its sales income in this area, while growth in coatings was undermined by weakness in Asia and Europe. Chromium chemicals sales dipped by 5% but operating profit remained flat year-on-year.
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