Croda sees strong growth

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NATURAL chemicals group Croda International posted a higher third-quarter profit following an improved performance at its consumer care business.

The Snaith-based company said it expects further progress in the current quarter and into 2012.

The FTSE 250 company, which makes chemicals for cosmetics, healthcare and home care industries, said sales rose 13 per cent in consumer care products and were well ahead of 2010 in all business areas within the segment.

However, sales in industrial specialities fell 3.5 per cent, hurt by a shortfall in July.

Total sales rose five per cent to £265.6m

Pre-tax profits for the three months to the end of September rose to £182.2m, up from 143.4m a year ago.

Croda shares closed at 1881p on Wednesday on the London Stock Exchange, valuing the company at £2.56bn.