StockMarketWire.com - Ingredient and flavoring supplier Treatt said it had grown annual like-for-like sales by 9%, though margins had fallen.

In a trading update for its financial year through September, the company said it expected to report a pre-tax profit in line with its earlier expectations.

Like-for-like sales, excluding Earthoil, were expected to be up by around 9%.

All product categories had grown, with the key drivers of citrus, tea and sugar reduction continuing to deliver, the company said.

However, it added that the combined impact of foreign exchange movements, fluctuations in raw material prices and some pricing pressure had resulted in gross margins 'falling a little'.

A $14m expansion in the US was progressing on time and on budget, Treatt said.

Building work was at an advanced stage and the operation was expected to be fully operational during the firt half of 2019.


At 8:24am: [LON:TET] Treatt PLC share price was +3.5p at 485.5p



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