StockMarketWire.com - Treatt, the manufacturer and supplier of ingredient solutions for the flavour, fragrance, beverage and consumer product industries, grew its revenue by approximately 11% in the six months ended 31 March 2018.

The core business categories of citrus, tea and sugar reduction have continued to drive top-line growth, with the combined effect of new business wins in the prior year, together with further wins in the current year, beginning to take hold.

However, in the first half of the current financial year there was a weakening in the USD/GBP exchange rate and as a result the board anticipates that there will be a small negative net FX impact on the H1 2018 results of approximately £0.2m.

The recently enacted Tax Cuts and Jobs Act in the US is expected to result in a material reduction in the Group's overall tax charge.

The board believes that profit before tax and exceptional items will be in line with its expectations for the financial year ending 30 September 2018.


At 8:04am: [LON:TET] Treatt PLC share price was +11.5p at 417.5p



Story provided by StockMarketWire.com