UK confectionery and snacks group Zetar has praised a year of “good progress” after reporting a leap in sales and earnings over the last 12 months.
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The company, which is building a stable of healthier snacks and confectionery products, posted a 55% jump in operating profit to GBP7.6m (US$15.7m) during the year to 30 April. Turnover also soared, up 64% to GBP94.9m.
Acquisitions gave a boost to Zetar’s results; in the last year, the company has bought Salamander and Humdinger, two businesses that drove snack sales, which now account for a third of Zetar’s turnover.
Chief executive Ian Blackburn said Zetar’s results are “ahead of market expectations”. He said: “The decision to invest in our natural and premium snacks division has proved sound, as its products are well placed to meet the increasing consumer demand for healthier foods and snacks.”
Zetar’s core confectionery business also saw sales grow, rising 8% to GBP61.4m.
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By GlobalData
