Business
Results for the six months ended 30 June 2016
Results for the six months ended 30 June 2016.
About this update from Croda International Plc
[{"type":"text","content":"\n \nRNS Number : 1828F Croda International PLC 26 July 2016 \n \n\nCroda International Plc\nResults for the six months ended 30 June 2016\n \nCroda International Plc (\"Croda\" or \"the Group\"), the speciality chemical company that creates high performance ingredients and technologies relied upon by industries and consumers globally, today announces its half year results for the six months ended 30 June 2016.\n \n \nStrategy delivering - improved profit driven by strong innovation\n \n\n\n\n\n\n\n\nHalf year ended 30 June\n\n\n\n\n \n \n\n\n2016 reported\n£m\n\n\n2016 constant currency\n£m\n\n\n2015\nreported\n£m\n\n\nChange (reported\ncurrency)\n\n\n \nChange (constant currency)\n\n\n\n\nSales\n\n\n608.7\n\n\n576.5\n\n\n564.6\n\n\n+7.8%\n\n\n+2.1%\n\n\n\n\nAdjusted operating profit\n\n\n152.6\n\n\n148.2\n\n\n140.8\n\n\n+8.4%\n\n\n+5.3%\n\n\n\n\nOperating margin\n\n\n25.1%\n\n\n25.7%\n\n\n24.9%\n\n\n+0.2pp\n\n\n+0.8pp\n\n\n\n\nAdjusted profit before tax \n\n\n148.5\n\n\n144.2\n\n\n135.7\n\n\n+9.4%\n\n\n+6.3%\n\n\n\n\nIFRS profit before tax\n\n\n145.1\n\n\nn/a\n\n\n135.6\n\n\n+7.0%\n\n\nn/a\n\n\n\n\nAdjusted earnings per share\n\n\n79.0p\n\n\nn/a\n\n\n71.8p\n\n\n+10.0% \n\n\nn/a\n\n\n\n\nDividend per share\n\n\n32.75p\n\n\nn/a\n\n\n31.0p\n\n\n+5.6%\n\n\nn/a\n\n\n\n\npp: percentage points\n \nFirst half year highlights\n \nOur strategy is continuing to deliver:\n \n· More protected innovation: New & Protected Products (NPP) sales increased to 27.5% of constant currency sales† (2015: 26.1%)\n· Key technology platforms growing: constant currency sales up 2.1% including Incotec acquisition \n· Improved operating margin: up 0.8 percentage points to 25.7% (2015: 24.9%) at constant currency, reflecting increased innovation and technology-driven growth\n· Strong bottom line performance: adjusted profit before tax up 6.3% in constant currency - adjusted earnings per share (EPS) up 10.0% in reported currency\n· Robust cash flow from operating activities: funding over £56m of capital investment for future growth\n· Continued dividend growth: interim dividend increased by 5.6%, following payment of 100p special dividend in June 2016\n ...