February 27, 2018 / 7:16 AM / 4 months ago

British chemicals firm Croda posts 11 pct rise in 2017 profit

Feb 27 (Reuters) - Speciality chemicals maker Croda International Plc posted an 11.1 percent rise in full-year profit, helped by strong growth across its core businesses.

Croda said adjusted pretax profit rose to 320.3 million pounds ($447.5 million) for the year ended Dec. 31, from 288.3 million pounds a year earlier.

Croda, which held unsuccessful talks with U.S. peer Ashland Global Holdings Inc for a possible merger earlier this month, said sales grew by 10.4 percent to 1.37 billion pounds in 2017. ($1 = 0.7157 pounds) (Reporting By Justin George Varghese in Bengaluru; Editing by Gopakumar Warrier)

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