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Tate & Lyle. (TATE)     

Stan - 20 Oct 2004 16:21

After searching i can't believe there's no thread on this one.

Anyhow what about a bounce for tomorrow after some sort of analysts meeting?

Regards

Stan.

HARRYCAT - 02 Nov 2017 10:59 - 129 of 131

StockMarketWire.com
Tate & Lyle grew its adjusted pre-tax profit by 13% at constant currency to £161 million in the six months to 30 September.

Sales grew by 6% to £1.4 billion on a statutory basis but were flat at constant currency.

The Speciality Foods division grew its operating profit by 4% at constant currency to £104 million, with volumes up 3%.

North America returning to modest growth, which the company said was driven by its approach of focusing on higher growth sub-categories and customer channels, while continuing to provide high-quality service to larger customers.

Bulk Ingredients operating profit rose by 36% at constant currency to £93 million, with volumes up 2% driven by North American sweetener growth and reflecting good contract compliance.

Sales at constant currency were down 2% in Speciality Foods and flat in Bulk Ingredients.

Net debt at £371m was £81m lower than at 31 March 2017, with strong cash flow generation and the beneficial impact of foreign exchange translation of US dollar debt, partially offset by the final 2017 dividend payment of £92m.

The company has lifted its interim dividend from 8.2p to 8.4p per share.

Javed Ahmed, chief executive, said: "Speciality Food Ingredients delivered broad-based volume growth in the core business, including North America despite market conditions in that region remaining challenging. New Products once again delivered double digit sales growth as customers continue to seek innovative solutions to reduce sugar, calories and fat in food and drink.

"Bulk Ingredients had another period of excellent performance, well ahead of a strong comparative period, with improved overall earnings resulting from disciplined commercial execution and margin expansion.

"Turning to the outlook, we expect underlying adjusted profit before tax in constant currency for the full year to be modestly higher than we anticipated coming into the year driven by the strong first half performance"

Claret Dragon - 20 Apr 2018 10:58 - 130 of 131

Just a spoonful of Sugar.

Unloved but I like them.

queen1 - 24 May 2018 13:18 - 131 of 131

Good market reaction to today's results.
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