IN BRIEF: Treatt Cautiously Optimistic On Outlook Amid Profit Rise

Fri, 09th Oct 2020 13:52

Treatt PLC - food ingredients manufacturer based in Suffolk - Expects adjusted pretax profit of GBP14 million for year ended September 30 and revenue of around GBP109 million, down 3% year-on-year. Adjusted pretax profit for financial 2019 was GBP13.3 million. Cautiously optimistic for financial 2021. To propose a final dividend. Net cash as at September-end was GBP1 million and bank facilities totalled GBP20 million

Current stock price: 615.60 pence

Year-to-date change: up 34%

By Ife Taiwo; ifetaiwo@alliancenews.com

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