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Markets :: Specialty Chemicals :: Paints and Coatings
Croda's fourth-quarter profit rises to 5.1% despite European economic backdrop
12:00 PM MST | February 26, 2013 | Francinia Protti-Alvarez
Croda reports an increase of 5.1% in operating profit during the fourth quarter of 2012, to £61.9 million ($81.75 million). Sales rose by 2.2%, to £240.1 million, over the same period. The bulk of the sales, close to 57% of the revenue, were generated by the consumer care division which grew by 1.4%, from £134.4 million in the last quarter of 2011 to £136.3 million last year, driven by product launches. The performance technologies division, representing just under 35% of sales, grew by 2.7%, to £83.9 million from £81.7...
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