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Markets :: Specialty Chemicals :: Lubricants

Croda posts 6.1% increase in second-quarter profits

9:02 AM MDT | July 23, 2013 | Francinia Protti-Alvarez

Croda's (Goole, UK) second-quarter profit before tax stood at £68 million ($89.5 million), up 6.1% on the same period the year before, the company announced today. Ebit was also up 4.4%, to £71.1 million, during the reported period. Overall sales grew by 2.3% during the second quarter of 2013, to £279.6 million, compared with £273.4 million in the second quarter last year. Croda's consumer-care business, at £154.4 million, represented more than half of total sales and grew 2.3% year-on-year. Croda, despite the austerity measures in...

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