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Croda Reports Highest-Ever Quarterly Results

3:36 PM MDT | April 26, 2012 | Sotirios Frantzanas

Croda (Snaith, U.K.) says it achieved "record results" in the first quarter of 2012. The company posted its highest-ever quarterly sales from continuing operations, which increased 4.7%, to £291 million ($471 million). Croda's operating profits (Ebit) and pretax profits in the first quarter were also its highest ever, increasing 8% and 7.2% year over year, to £65.8 million and £65.1 million, respectively, the company says. Croda's first-quarter 2012 results reflect the strong performance of its consumer care business, where...

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