StockMarketWire.com - Ingredient and flavoring supplier Treatt posted a slight fall in annual profit owing to costs associated with relocating its UK headquarters, though underlying earnings rose.

Pre-tax profit for the year through September fell to £11.5m, down from £11.7m on-year.

When relocation costs to the new HQ at Bury Street Edmunds were stripped out, adjusted pre-tax profit rose 8.1% to £12.6m, as revenue climbed 11% to £112.2m.

'The group has had a steady start to the new financial year with a number of attractive opportunities in our pipeline of projects with both existing and new customers,' chief executive Daemmon Reeve said.

'We are well placed to capitalise on these opportunities with our capacity expansion in the US expected to complete in the coming weeks.'

'Whilst still early in the financial year, the group continues to perform in line with the board's expectations for the full year.'

At 8:02am: [LON:TET] Treatt PLC share price was +6p at 448p



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