An ingredients company has announced a 23 per cent increase in operating profit this year.
Treatt plc, in Northern Way, Bury St Edmunds, saw its profit jump to £6.9 million following last year’s £5.6 million.
According to its final results for the year ending September 30, group revenue held steady at £74.1 million compared to £74 million last year.
Treatt manufactures and supplies conventional, organic and fair trade ingredients for the flavour, fragrance and consumer goods industries.
Daemmon Reeve, chief executive officer, said: “These figures show clear improvements in Treatt’s performance as a result of the new strategy of focusing on core markets and value-added products. Early signs for the current year are encouraging but there remains a lot to do - driving growth, bearing down on costs and creating efficiencies across the business.”