Zetar Plc (LON:ZTR) prelim results show tasty returns
Zetar, the AIM listed confectionary and snack company, yesterday announced its preliminary results for the period ending 30th April 2010. The company, which was listed on the 6th January 2005 (Share price 100p), and acquired its first business, Kinnerton, on 13th April 2005 for £32.2m, set out with a strategy to acquire, or make investments in, companies or businesses engaged primarily in the confectionery and snack foods or related markets.
Having experienced an interesting 5 years on AIM (Share price high 590p in March 2007) the company now consists of 3 brands; Kinnerton, Readifoods and Humdinger Foods. The latter two are part of the natural snacks side of the business and were both acquired in 2006.
The preliminary numbers speak for themselves, with turnover up 11% to £131.9m and adjusted profit before tax* up 40% to £6.4m and adjusted diluted earnings per…
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