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Interim Results

Croda sales rises

26 July 2016 08:30

Croda said its new strategy provided more protected innovation as new and protected product (NPP) sales increased to 27.5% of constant currency sales (2015: 26.1%).

HIGHLIGHTS

- Key technology platforms growing: constant currency sales up 2.1% including Incotec acquisition

- Improved operating margin: Up 0.8 percentage points to 25.7% (2015: 24.9%) at constant currency, reflecting increased innovation and technology-driven growth

- Strong bottom line performance: adjusted profit before tax up 6.3% in constant currency - adjusted earnings per share (EPS) up 10% in reported currency

- Robust cash flow from operating activities: funding over £56m of capital investment for future growth

- Continued dividend growth: interim dividend increased by 5.6%, following payment of 100p special dividend in June 2016

At 8:30am: (LON:CRDA) Croda International PLC share price was -9p at 3315p

Story provided by StockMarketWire.com

Related Company: CRDA

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