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Treatt Shares Jump on Expected Profit, Revenue Rise

Por: MarketWatch Business October 10, 2023

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The U.K. supplier of flavor and fragrance ingredients said Tuesday that it expects to report a pretax profit around 17 million pounds ($20.8 million) in the year ended Sep. 30, in line with the board's expectations and up around 11% on fiscal 2022. Revenue is set to grow 5% to around GBP147 million despite industry destocking headwinds, particularly in the second half, due to rising interest rates. The rise will be driven by successful... + full article



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