15 May 2012 – trading update
The confectionary and snack foods producer has provided a trading update covering the year ended 30 April with full year sales and profit before tax set to be in line with management expectations. It is particularly encouraging to hear that net debt has been reduced to £10.8m from £14.9m a year earlier.
The current year has started well, with new business wins and it looks like being a good summer for Zetar if the positive momentum continues to build. The shares trade on an exceptionally low multiple of prospective earnings and must rank as a BUY.