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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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