UK confectioner and snack maker Zetar has booked an increase in sales for the first six months of the year.
Trading for the first-half was “in line with management expectations”, the firm said in an interim statement today (16 November), and head of last year.
For the period ended 31 October, sales climbed 5.4% to GBP60.2m (US$96.6m).
Zetar’s confectionery division traded “strongly” during the period, due principally to good Christmas orders. However, the natural snacks division has had to contend with “ever increasing raw material costs”, which, despite customer price increases, the company said impacted margins in the period. Despite this, it expects margin recovery in the second half.
The group managed to reduce its net debt in the period by a further GBP26.6m.
See Also:
Zetar will announce its results for the six months ended 31 October in January 2011.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData