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Croda Reports Strong Second Quarter

3:27 AM MDT | July 24, 2012 | Sotirios Frantzanas

Croda (Snaith, U.K.) says sales in the second quarter of 2012 decreased almost 3% compared with the record result of the first quarter of 2012, but they remained at approximately the same levels as the second quarter of 2011, at £281.9 million ($437.2 million). Operating profits in second-quarter 2012 increased 5.4% compared with the second quarter of the year before, to £67.9 million. Despite the weak demand in Europe and adverse currency translation, sales and operating profits in the first half of 2012 increased by 2.4% and 6.7% compared...

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