Croda's Innovation-Based Strategy Delivers Increased Sales and Profits

Croda (Snaith, U.K.) says sales in the fourth quarter of 2011 increased by 2.4%, to £243.2 million ($385 million) compared with £237.4 million in the corresponding quarter of the previous year. Operating profits and Ebit also increased in fourth-quarter 2011 by 20.4% and 22.7% year over year, to £59.5 million and £60 million, respectively, Croda says. Flower: We are confident about Codra's future prospects Croda chairman Martin Flower emphasizes the importance of the company's innovation-based strategy in achieving these results...

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