Croda International PLC
26 April 2006
26 April 2006
Croda International Plc
AGM trading statement
Commenting at today's AGM, Martin Flower, Chairman of Croda International Plc,
'In my statement published with the preliminary results announcement in
February, I said that the early signs were that the firm demand witnessed in
2005 had continued into this year. I am pleased to report that our unaudited
management accounts for the first quarter of 2006 show revenues from continuing
operations up by over ten per cent in Sterling (seven per cent in constant
currency terms) compared to the same period last year. Profit before tax for
continuing 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 are
Group net debt increased to £32m at 31 March as we purchased further shares for
Treasury, 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 860551
Sean Christie, Group Finance Director Tel: 01405 860551
Andrew Dowler / Charles Watenphul, Financial Dynamics Tel: 020 7831 3113
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