Chemicals firm Croda posts 70% drop in profit and predicts lower margins
2023 underlying sales fall 11%Pre-tax profit slides by 70%Firm sees further margin pressureSpecialty chemical group Croda International (CRDA) posted a disappointing set of full-year 2023 results impacted by continued destocking by customers and a weak trading environment.The shares gave up 2.7% to £47.70 making them the worst performers in the FTSE 100. SALES DOWNTURNSales for the year to