Zetar has reported a 2.2% increase in group sales for the six months to 31 October despite exiting business worth millions of pounds during the period.
The snacks and sweets maker grew sales to £61.7m despite having abandoned commodity business in its snacks division worth £10m a year at the start of 2011 to focus on higher-margin branded and licensed goods.
Zetar added that group operating margins increased over the year half. Meanwhile, the AIM-listed company reduced its net debt position year-on-year from £26m to £24.4m.
In the run-up to the crucial Christmas trading period, the company said orders have been in line with expectations. Zetar will publish its full results for the first half of the financial year in January.
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