30th Sep 2013 14:20
LONDON (Alliance News) - Treatt PLC, a supplier of ingredients for the flavour, fragrance and cosmetics industries, said Monday that it expects to report pretax profits to be in line with expectations for the full year in a trading update.
The company said that although the fourth quarter is traditionally a quieter period, it has held up well. It said that trading in its fourth quarter had remained stay following a strong third quarter. It cautioned that whilst pretax profit will meet expectations, revenue from its lower margin business is expected to be a slightly lower than anticipated due to market conditions. It said this had had little effect on profits.
Treatt also said that order books for the first quarter of next year are encouraging, despite it usually being its weakest quarter.
Shares in the company were trading down 4% at 590.30 pence Monday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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