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Zetar - Organic growth running at 27%

September 2007

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:
  • 563p
Results from snack foods and confectionery firm Zetar were marginally better than its comprehensive pre-close update had indicated. For the year ended 30 April, pretax profit increased 127% to £5m on turnover up 64% to £94.9m. Underlying eps increased 16% to 41.5p. Stripping out the first-time contributions of Salamander and Humdinger, which generated an operating profit of £1.4m, underlying profit growth was a more than respectable 27%. Net debt increased from £9m to £9.8m, helped by an £11m equity fund-raising last July at 400p a share but it will have risen following the post year-end acquisition of Britannia. Zetar’s confectionery division, Kinnerton, which manufactures niche and nove ...

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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.

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