StockMarketWire.com - Flavoring and fragrance provider Treatt posted a large rise in annual profit, while launching a share issue to raise £21.6m.
Pre-tax profit jumped 46% to £12.9m, as revenue increased by 25% to £109.6m.
New shares in the company will be issued at 2p each.
"Treatt has enjoyed a very strong year with material wins in important growth categories," chief executive Daemmon Reeve said.
"The group has had an encouraging start to the new financial year with both the UK and US tracking on plan," he added.
"Furthermore, with order books up compared with the same time last year, the Group continues to perform in line with the board's expectations for the full year."
At 9:34am: [LON:TET] Treatt PLC share price was +24.13p at 444.38p
Story provided by StockMarketWire.com
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