Treatt plc (TET.L) reported that its profit after tax for the financial year ended 30 September 2024 was 14.40 million pounds, an increase of 31.6% from the prior year. Earnings per share were 23.48 pence up from 17.91 pence in the prior year.
Profit before tax and exceptional items from continuing operations grew by 10.1% to 19.1 million pounds from the prior year.
Annual adjusted earnings per share rose to 24.34 pence from 22.81 pence in the prior year.
Revenue for the year increased by 3.8% to 153.1 million pounds from the prior year, while it was up 5.7% in constant currency. Growth accelerated in the second half, with 13% revenue year on year growth, driven by favorable sales in citrus and China.
The Board has proposed a final dividend of 5.81 pence, up from 5.46 pence the previous year. If approved by shareholders, this will result in a total dividend for the year of 8.41 pence, compared to 8.01 pence last year.
The company is optimistic about the prospects for its business.
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