Croda earns record third quarter as customers replenish stocks

LONDON, Oct 29 (Reuters) - Britain's Croda (CRDA.L) reported record third quarter sales and pretax profit as customers replenished stocks that had been left to run down during the recession, and as it benefited from cost-cutting measures.

The company, which makes ingredients for cosmetics and personal care products, said on Thursday 29 October that pretax profit rose 31 percent to 32 million pounds ($52 million), on sales from continuing operations up 1 percent to 238 million pounds.

"I am pleased to report strong progress in the third quarter, resulting in record sales and pretax profits from continuing operations," said chairman Martin Flower in a statement.

(Reporting by Ben Deighton; Editing by Kate Holton)

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