UK: Zetar makes “strong” financial recovery
Zetar said it expects 2010 earnings to be “significantly” head of last year
UK confectioner and snack maker Zetar said it has made a “strong” financial recovery and expects 2010 earnings to be “significantly” head of last year.
In a trading update ahead of the group’s preliminary results for the year ended 30 April, the firm said sales had increased 10% to reach GBP131m (US$194m).
Confectionery sales rose 9% to GBP82m, while sales in the firm’s natural and premium snacks division increased 11% to GBP49m.
The firm said it expects to report group sales, adjusted profit before tax and adjusted earnings per share for the year, “significantly” ahead of last year and in line with market expectations.
- M&A Watch: Raisio should sell to private equity
- Infographic: Snapshot of Japan's food sector
- On the money: Solid Lindt outpaces chocolate peers
- Spotlight: What could be impact of Russia's ban?
- Briefing: Expansion agenda of Japan's food majors
- Kerry cools claim spreads move could hit jobs
- Pork Farms buys Kerry Group's pastry plants
- Profits up at chocolate group Lindt
- Russian government eases ban on food imports
- Japan's Sanyo takes stake in Olam's food biz