Manufacturing
Treatt performs well over past year
Registration | Treatt performs well over past year |
| Written by Ben Fountain | |
| Wednesday, 16 April 2008 | |
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Treatt PLC, the Bury St Edmunds based manufacturer and supplier of conventional, organic and ethically-traded ingredients for the flavour, fragrance and cosmetic industries reports that its two main operating subsidiaries, R.C. Treatt & Co. Limited and Treatt USA Inc have performed well in the first half of the financial year. Both companies achieved record sales in February and March, the company said in a trading update. While margins have remained under pressure, this has been more than compensated for by significant sales growth across the broad range of products. With respect to the group’s joint venture in Earthoil, the results for the first six months have been disappointing. Treatt’s share of Earthoil’s pre tax losses for the five months ended February 29 totalled £235,000. The group has arranged to take full control of Earthoil. Prospects for the second half are good, with group order books at an all-time high. R.C. Treatt’s order book is up 65 per cent year on year, whilst Treatt USA has seen an increase of 60 per cent.
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