| CATEGORY: NEWS AND ANNOUNCEMENTS SECTOR: CHEMICALS |
Croda upbeat for second half |
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Wed 25 Jul 2007
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LONDON (SHARECAST) - Chemicals group Croda saw profits jump 23% in the first six months of the year and remains confident of further progress in the second half.
Profit before tax from continuing operations grew to £34.7m from £28.2m on turnover up to £472.4m from £156.6m in 2006.
“The group has performed well across all areas of the business, despite the widely documented cost pressures facing the sector at present,” said chairman Martin Flower.
“Uniqema has been successfully integrated and we remain confident that the group will make further good progress in the second half of this year.”
The interim dividend goes up 6.5% to 4.95p per share.
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