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Croda's sales and earnings down, unlikely to match last year's pretax profit

12:00 PM MDT | July 22, 2014 | Natasha Alperowicz

Croda today reported lower second-quarter sales and earnings on weak consumer demand in Europe. Sales were down 5.8%, to £263.4 million ($449.6 million), while adjusted operating profit was 10.7% lower, at £63.6 million. Consumer-care sales were down 7.1%, to £143.4 million; performance technologies 3.2% lower, at £88.5 million; and industrial chemicals’ revenues were down 7.0%, to £31.5 million. Croda’s revenues in the first half of the year were 4.5% lower, at £537.4 million, and adjusted operating profit was...

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