26th Apr 2006 12:00
Croda International PLC26 April 2006 26 April 2006 Croda International Plc AGM trading statement Commenting at today's AGM, Martin Flower, Chairman of Croda International Plc,said: "In my statement published with the preliminary results announcement inFebruary, I said that the early signs were that the firm demand witnessed in2005 had continued into this year. I am pleased to report that our unauditedmanagement accounts for the first quarter of 2006 show revenues from continuingoperations up by over ten per cent in Sterling (seven per cent in constantcurrency terms) compared to the same period last year. Profit before tax forcontinuing operations for the first quarter was ahead by a similar amount. The results have benefited from continuing firm global demand for our products,and have been achieved despite the significant increase in energy costs we arecurrently experiencing. Group net debt increased to £32m at 31 March as we purchased further shares forTreasury, with £21m spent in the quarter." The Company will be announcing its interim results on 26 July 2006. For further information, please contact: Mike Humphrey, Group Chief Executive Tel: 01405 860551Sean Christie, Group Finance Director Tel: 01405 860551 Andrew Dowler / Charles Watenphul, Financial Dynamics Tel: 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Croda International