Treatt Plc (TET.L), a maker of ingredients and natural extracts for industries, said that it expects a rise in its annual result in line with expectations.
For the 12-month period to September 30, Treatt expects to post profit before tax and exceptional items of around 18.8 million pounds, higher than 17.3 million pounds, recorded for the prior year.
Excluding items, EBITDA was 24.7 million pounds as against prior year's 23 million pounds.
Revenue is anticipated to be 155.2 million pounds, compared with 147.4 million pounds a year ago, helped by the second half sales momentum, with 16 percent sales growth led by improved Heritage and strong China regional growth.
David Shannon, CEO of Treatt, said: "We will report good growth in both sales and profit for the year, reflecting the determined conversion of our order book and strong cost discipline. Revenue growth in the second half of the year in particular was strong, with sales pipeline conversion and demand normalising following industry destocking."
The Group is expected to release its annual earnings report on December 4.
For comments and feedback: editorial@rttnews.com