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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Zetar - Operating profit rises 28%

March 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ZTR
  • Price:
  • 515p
Confectionery and snack food firm Zetar has announced first halfresults in line with expectations for the six months to 31 October.Excluding start up losses of £0.4m from the recently acquired BakedSnacks, group operating profit increased 28% to £2.4m on sales thatrose 26% to £48m. Organic sales growth was 5%. Adjusted eps fell from10.9p to 9.9p. Zetar’s confectionery division increased sales 14% to £26.7m withoperating profit rising 18% to £1.3m. This was driven by demand fromretailers of chocolate and yoghurt covered fruit and nut products aswell as new contract wins to supply other chocolate manufacturers.Zetar also installed a new Easter egg packing facility for £0.6m, whichhas tripled capacity ahead of this Easter. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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