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Share Price Information for Treatt (TET)

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Share Price: 471.00
Bid: 471.00
Ask: 471.50
Change: -3.00 (-0.63%)
Spread: 0.50 (0.106%)
Open: 476.50
High: 478.00
Low: 466.00
Prev. Close: 474.00
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SMALL-CAP WINNERS & LOSERS: Lamprell secures rig; Treatt profit falls

Tue, 10th May 2022 10:42

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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SMALL-CAP - WINNERS

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Lamprell PLC, up 3.7% at 28.11 pence, 12-month range 24.80p-67.90p. The Hamriyah, United Arab Emirates-based provider of oil field services says it is working with "international rig operator" for key upgrade work on three jack-up drilling rigs for deployment in Gulf region. "The first of the rigs will arrive at Lamprell's Hamriyah quayside this month and work will begin immediately. The second and third rigs will follow later," Lamprell says. Contract is defined as "small", meaning value is below USD50 million.

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SMALL-CAP - LOSERS

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Treatt PLC, down 7.7% at 927.00 pence, 12-month range 900.00p-1,315.00p. Delivers first half performance in line with internal expectations. Sees "material" revenue growth in citrus, the company's largest business by revenue, with the second and third-largest businesses, synthetic aroma and herbs, spices & florals, also performing particularly well. In the six months to March 31, the company recorded a pretax profit of GBP6.3 million, down 39% from GBP10.4 million a year before. Operating costs increases to GBP11.7 million from GBP10.7 million, attributed to higher payroll costs. Also notes GBP2.6 million one-off costs related to relocation of UK facilities. Meanwhile, revenue grew 9.0% to GBP66.3 million from GBP60.8 million. Declares an interim dividend of 2.50 pence per share, reflecting a 25% increase compared to 2.00p a year before. Guides for financial 2022 revenue to grow more than 15%.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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5 Apr 2019 11:02

Treatt sees FY profit in line despite FX, citrus price weakness

(Sharecast News) - Treatt, a supplier of flavour and fragrance ingredients, said on Friday that full-year profit will be in line with its expectations despite currency fluctuations and weakness in some key raw materials for its largest product category, citrus.

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Treatt Expects 7% Interim Revenue Growth Amid Good Performance

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Treatt Appoints Two New Non-Executive Directors To Board

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LONDON (Alliance News) - Treatt PLC said Tuesday it expects to report annual pretax profit in line with management's previous expectations.The manufacturer of flavouring ingredients it

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Treatt Hikes Payout After Half Year Profit And Revenue Grows Strongly

LONDON (Alliance News) - Flavouring and fragrance firm Treatt PLC hiked its interim dividend 10% Tuesday after half-year profit and revenue grew strongly and it disposed of a non-core the six to a

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(ShareCast News) - Flavour, fragrance and cosmetic ingredients business Treatt revealed what it called a "disappointing" result of an ongoing legal battle on Tuesday, over its purchase of subsidiary Earthoil. It was first announced on 6 December 2012 that the sellers of Earthoil Group, which was acq

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Treatt Says Earthoil Earn-Out Conclusion "Extremely Disappointing"

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