UK-based UPS maker Chloride released preliminary financial results for the full year ended March 31 on Monday, reporting a three percent increase in sales and a five-percent drop in pre-tax profits from the previous year. The company is being aggressively pursued by the US maker of industrial electrical equipment Emerson, which has made an offer to buy the company directly to its shareholders after having two offers rejected by the Chloride board of directors.

Chloride