10th Feb 2014 09:22
LONDON (Alliance News) - Ingredients company Treatt PLC Monday said its fiscal second quarter has started in line with its expectations, and it is currently on track to meet its pretax profit expectations for the current financial year.
In a statement, the company said the first quarter of the fiscal year, which runs until the end of September, had met expectations.
It said its order books across its business are up on last year, although not all of this growth will flow into the current financial year due to the long term nature of some contracts.
"Pleasingly, the strategic emphasis on added-value ingredient solutions has resulted in a steady flow of new business wins, whilst on-going efficiency improvements continue to take hold across the business," it said.
Treatt shares were up 2% at 765 pence Monday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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