Croda International Plc (CRDA.L) reported profit attributable to equity shareholders of 90 million pounds for the first half versus 86 million pounds last year. Earnings per share of 10 pence grew to 65.8 pence from 61.8 pence in the year-ago period.
Profit before tax rose to 132.6 million pounds from 124.8 million pounds in the prior year.
Revenue for the six-month period climbed to 572.9 million pounds from 559.6 million pounds in the previous year.
Martin Flower, chairman, commented, "Against strong 2011 comparatives and adverse currency translation, both core business segments have made further progress. It is particularly pleasing to see Performance Technologies delivering improved margins and continuing to demonstrate the benefits of increased innovation. 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. 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."
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by RTT Staff Writer
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