UK: Zetar encouraged by interest in new arm
UK confectionery and snackfoods group Zetar has said its new subsidiary, The Baked Snacks Company, is receiving greater interest from prospective retail and industrial customers than initially envisaged.
Speaking at the company's AGM, chairman David Williams said the business, which includes recent acquisition Britannia, was attracting more potential clients in the UK and abroad.
Williams said group trading since Zetar published its full-year results on 24 July had been in line with expectations.
"Since the announcement of its results for the year ended 30 April, the group's operations have continued to perform in line with the board's expectations for this seasonally quiet trading period," Williams said.
In July, Zetar reported a 55% rise in operating profit to GBP7.6m (US$15.7m) for the year to 30 April, on turnover up 64% at GBP94.9m.
Finsbury Food Group, the UK cake maker, has thrived despite soaring commodity costs and growing concern among consumers over following a more balanced diet. Chief executive Dave Brooks told Dean Best ...
Zetar, the London-listed confectionery and snack foods group, has reported a 17% climb in half-year profits thanks to rising sales....
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