Treatt flavour of the month after record results
Suffolk product manufacturer Treatt plc saw revenue and profits rise for the year to September 30 in posting record results.
The Bury St Edmunds business reported adjusted profit before tax up 11 per cent and adjusted EPS up eight per cent as it delivered a fourth consecutive year of record returns.
The company manufactures and supplies ingredients for the flavour, fragrance and FMCG industries.
Revenues were up two per cent to £88 million and operating profit increased by 10 per cent to £9.5m; the adjusted profit before tax was 11 per cent ahead to £8.8m.
Treatt saw a return on capital employed of 24.6 per cent and hoisted the total dividend per share eight per cent to 4.35p.
Group CEO Daemmon Reeve said: “Building on our solid progress, the team has once again performed strongly to deliver on our objective of sustainable growth in profits.
“The new financial year has started well. We have much to do across the business to ensure we build on the work of our people over the past year and to be able to take advantage of the many opportunities ahead of us.”