Croda Intl. Q2 Pre-tax Profit Up
LONDON (dpa-AFX) - Croda International Plc (CRDA.L), a specialty chemicals company, Tuesday reported a higher pre-tax profit from continuing operations, reflecting sales increase. The results for the last year are restated, the company said.
For the three-month period, the company reported pre-tax profit from continuing operations of 68 million pounds, a 6.1 percent increase from prior year's 64.1 million pounds.
Sales for the period increased to 279.6 million pounds from 273.4 million pounds during the same quarter last year.
The directors proposed to increase the interim dividend by 8.4 percent to 29 pence, in line with the increase in earnings per share in the half.
Looking forward, the company said it expects Crop Care in Consumer Care to return to growth for the rest of the year, complementing the improving trends in Personal Care and Health Care seen in the second quarter. The firm also expects to see a return to sales growth in Performance Technologies.
Copyright RTT News/dpa-AFX