24 July 2012 08:18 [Source: ICIS news]
SINGAPORE (ICIS)--Croda’s net profit for the first half of 2012 grew by 4.7% year on year to £90m ($141m), boosted by stronger demand from North America, the ?xml:namespace>
The company's sales rose by 2.4% year on year to £572.9m in the first six months of 2012, “despite the combined challenge of weak demand in
“We experienced strong demand in most business areas in North America, while in Asia and
The company’s operating profit grew by 6.7% year on year to £133.7m in the first half of this year, it said.
“Croda’s resilient track record of growth rests on our consistent ability to bring innovative, high margin products to market and expand our presence in emerging economies,” said Martin Flower, chairman of Croda.
“Assuming no significant change in market conditions in the near term, we remain confident that this strategy will enable us to make further progress in the second half of 2012,” Flower added.
($1 = £0.64)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections