2nd Nov 2006 07:00
Croda International PLC02 November 2006 2nd November 2006 Croda International Plc Third Quarter Trading Statement Commenting on the results for the nine months to 30th September 2006, MartinFlower, Chairman said: "Sales for the 9 months were 5% higher than the previous year with only amarginal benefit from currency translation. Strong sales in Consumer Care werepartially countered by the planned reduction in toll processing and technicaloil trading. Excluding the effects of the Uniqema acquisition, our unaudited managementaccounts show continuing profit before tax was in line with expectations, upover 8% for the nine months versus the corresponding period last year. The period incorporated one month of trading from Uniqema. Here, profits were inline with expectations with a good sales performance countering some underrecovery of cost increases. Initial visits to all major acquired sites haveconfirmed the high quality of the assets and personnel in Uniqema and theintegration process is progressing in line with plan. We were pleased with the demand for shares in the recent placement. As a resultof this, net debt stood at £326m at 30th September 2006." For further information please contact: Mike Humphrey, Group Chief Executive 01405 860551 Sean Christie, Group Finance Director 01405 860551 Andrew Dowler / Charles Watenphul, Financial Dynamics 0207 831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Croda International