Treatt PLC's profit and revenue fell in fiscal 2012, which the company deemed one of its "toughest years on record for R.C. Treatt," during which its business unit was hurt by a tough economy and a drop in orange oil prices. Last August, the company noted that raw material price volatility, notably orange oil, had impacted results. Orange oil prices had fallen in price by around 70% in the 18 months leading up to that period, which was particularly significant because sales of orange oil-related products represent approximately 25% of Treatt s group sales. As a result of the orange oil pricing issue, the company plans to refocus and further modernize its R.C. Treatt unit in order to drive future growth in the group's profitability. Meanwhile, Treatt s cosmetic ingredients division Earthoil, which specializes in organic and fair trade, is expected to make steady progress as a niche supplier to the cosmetics industry. Treatt also said fiscal 2013 has started at a "steady pace" and it expects the first quarter will significantly improve from a year earlier. For the fiscal year ended Sept. 30,2012, total group revenue fell to ￡74 million from ￡74.5 million a year earlier, impacted by a 60% drop in orange oil prices over the year in its R.C. Treatt unit, which hurt margins.
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