Treats Group plc, the independent manufacturer of frozen confectionery which scooped up Richmond Ice Cream Company Ltd of Leeming Bar in January, has announced whittled pre-tax profits of £938,000 for the year ending last December. That compares with £1.415 million pre-tax profits for the year to December, 1996 - a fall in spite of turnover increasing by £500,000 to £22.8 million.
Loss of business from the Somerfield supermarket chain (since regained) and shrinking orders from a customer in New Zealand which suffered a bad summer, accounted for the drop in profits.
Treats chairman Brian Fidler said the £10.6 million takeover of Richmond Ice Cream Company with its manufacture of bulk ice cream should be a "solid foundation upon which to take the business forward."
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