Information  X 
Enter a valid email address

Croda International (CRDA)

  Print      Mail a friend

Wednesday 23 April, 2003

Croda International

AGM Statement

Croda International PLC
23 April 2003


23 April 2003


                            Croda International Plc

                             AGM Trading Statement



Commenting at today's AGM, Antony Beevor, Chairman of Croda International Plc,
said:


'In our annual report published last month I said that we believe that in 2003
organic growth, new product deliveries and the exit from low return businesses
will mean we are well placed for further progress.


I am therefore pleased to report that our unaudited management accounts for the
first quarter show sales from continuing operations up by over 3% and profits
before tax from continuing operations up by almost 6% on the previous year. At
the end of March net debt had reduced to just below £50m.


We have benefited from continued strong demand for our speciality ingredients
globally. In addition our interest charge is lower as a consequence of lower
interest rates and the reduction in our debt levels in the last 12 months.'



For further information, please contact:

Mike Humphrey, Group Chief Executive                  Tel. 01405 860551
Barbara Richmond, Group Finance Director              Tel. 01405 860551
Charlie Armitstead, Financial Dynamics                Tel. 020 7269 7182



or visit our website at www.croda.com


The Company will announce its interim results on 30 July 2003.






                      This information is provided by RNS
            The company news service from the London Stock Exchange