Annual Report 2005

Interim Results for Period Ending 30 June 2005


UCM, the leading provider of speciality fused minerals, today announces its interim results for the six months ended 30 June 2005.

Financial Highlights

First Results Prepared under International Financial Reporting Standards 

£ Millions

 6 Months
Ended
30 June
2005		 6 Months
Ended
30 June
2004
Turnover 17.48 17.05
Profit before tax 1.16 1.40
Earnings per share 3.3p 4.2p
Interim Dividend 2.0p 2.0p

Key Highlights

- Continued growth from the Zirconia division with increased market share in standard products and further manufacturing efficiencies in Tennessee
- Sales of advanced ceramic materials, principally to the automotive sector, showed further growth
- Downturn in demand for domestic and industrial appliances reduced demand for the Magnesia division's electrical grade product for heating elements
- Dividend maintained at 2.0p
- Uncertain outlook for second half of 2005