Profits at ingredients firm up by a quarter

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AN INGREDIENTS firm in Bury St Edmunds is sharing in the recipe for success after its parent company announced a profit rise of more than a quarter.

Treatt Plc, which owns RC Treatt in Bury St Edmunds, supplies ingredients to the flavour, fragrance and cosmetic industries.

On Monday, the firm announced its preliminary results for the full year ended September 30.

The group, which has a base in the US and also operates in Kenya, saw is operating profit up 26 per cent to £4.9 million, up £1 million on last year. Its profits before tax meanwhile stand at £4.5 million, 29 per cent higher than last year’s £3.5 million.

The group had started the financial year badly after demand for its products fell.

“In January demand began to recover and sales of the group’s products rose sharply across the broad range of new and existing customers, reaching record levels in terms of both volumes and value in the third quarter,” said group chairman James Grace.

RC Treatt, in Northern Way, meanwhile continued its ‘consistently strong performance’ over the last few years with revenue up 12 per cent to £43.6 million.

“With its widely spread global customer base, the company continued to enjoy strong sales growth particularly in the Far East where sales increased by 25 per cent, and in aroma chemicals where sales grew by 16 per cent.” Mr Grace said.

n The company is offering its fourth annual travel bursary for students to travel and take part in a project in a developing country. The deadline for applications is March 31.

For an application pack or more details telephone Claudia Brackenborough on 01284 714820 or email claudia.brackenborough@rctreatt.com