HIGHLIGHTS
Results in line with recent trading update.
Continued progress in leveraging strong market positions, geographic diversity and developing innovative products.
Robust performance in Specialty Products, underpinned by coatings and personal care.
o Adjusted operating margin stable at 18 per cent.
o Coatings sales up 1 per cent.
North American decorative coatings sales up 11 per cent.
Sales in Asia Pacific up 1 per cent - China up 6 per cent.
European coatings sales up 3 per cent.
o Personal care sales up 7 per cent.
o Oilfield revenues down 26 per cent.
More stable since first half of 2015.
Chromium sales down 11 per cent.
o North American business stable.
o Export sales impacted by strong US dollar.
Net balance sheet cash position increased to $37.5 million.
o Year end net cash balance expected to be ahead of previous year.
Interim dividend maintained at 2.70 cents.
Management expectations for the full year unchanged.
