Flavour, fragrance and cosmetic ingredients supplier Treatt PLC (LON:TET) has told investors that full-year pre-tax profits are on track to hit expectations following an “encouraging” start to its financial year.
Revenues and gross margins at the Bury St Edmunds-based group are above the same period last year, while order book levels are also stronger as recent new business wins start to turn into orders.
“Although there is obviously still a long way to go, we are confident that we will meet the Board's expectations for profit before tax for the year ending 30 September 2017,” chairman Tim Jones will say at today’s annual general meeting.
Treatt’s interim results for the six months to 31 March 2017 will be published on 9 May 2017.
Shares closed modestly higher on Thursday at 255p.