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For its 1H 2010, Umicore has reported revenues of €987.1 M (€860.2 M for its 1H 2009), recurring EBIT of €186.3 M (€49.5 M), EBITDA of €244.3 M (€111.6 M), basic EPS of €1.24 (€0.18), R&D expenditure of €66.2 M (6% of revenues), and capital expenditure of €75.5 M. An interim dividend of €0.325 will be paid in Oct 2010. There was recovery in the company's Advanced Materials and Precious Metals Products & Catalysts businesses and a positive impact of cost reduction measures.
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on-year declines were also recorded in Toho Titanium's functional chemicals business, which comprises catalysts and electronic materials. However, Toho Titanium anticipates sales and operating profits for FY 2009 to exceed last year's results by expanding markets for its ultra-fine nickel powder to