Croda increased its dividend payment by an impressive 50pc. The 9.75p payment will be made on October 7 and the shares are yielding 2pc. Sales rose 27.6pc to £516.1m and pre-tax profits rose to £96.2m from £46.3m last year.
Although costs in terms of raw materials may be on the rise, these costs will be passed on to the customer. Croda’s Chief Executive, Mike Humphreys stated “You are not a speciality chemical company unless you have pricing power.”
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