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A record quarterly profit for the world's No. 2 cosmetic ingredient maker.
February 26, 2013
By: TOM BRANNA
Editor
Croda International Plc reported record quarterly profit from skin care results and company officials said the world’s second-largest cosmetic ingredient maker (behind BASF) is gaining share as it wins smaller customers and expands in Latin America and Asia. Fourth quarter pretax profit rose 3% to 61.2 million pounds ($93 million) to beat estimates. According to Chief Executive Officer Steve Foots, Croda is pursuing smaller clients who buy “test-tube sized volumes” of products in addition t...
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