Zetar returned to profitable growth in the first six months of 2009 and said it is “confident” of delivering strong growth for the full year.
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The UK confectioner and snack maker said today (19 January) that six-month pre-tax profit from continuing operations reached GBP2.1m (US$3.4m) compared with a loss of GBP0.3m in the prior year period.
Net result for the period amounted to GBP1.5m versus a loss of GBP4.4m in the year-ago period.
Group sales from continuing operations in the six months to 31 October 2009 reached GBP57.1m, an increase of 7% on 2008. The figure was boosted by the launch of the firm’s “all year round” impulse confectionery range and sales of Zetar’s fruit snacks and branded flavoured nuts ranges.
Ian Blackburn, chief executive of Zetar said: “Following last year’s challenges, the business is back on track and we were pleased to grow revenues by 10% in the first eight months of the year.
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By GlobalData“Despite adverse macro market conditions we continue to trade well and following a good Christmas, anticipate that a successful Easter will underpin our confidence in a successful full year,” he added.
