Tate & Lyle announces 4% profit increase

Posted on 30 May 2013 by The Manufacturer

British-based Tate & Lyle, provider of ingredients to the food and drink industry, has announced a 4% rise in profits for the last financial year.

The company, founded in London in 1921, saw overall sales up 5% to £3.26bn, and its adjusted profit before tax for the year to 31 March 2013 rose to £329m, an increase on last year’s £318m. It has seen its biggest profit increase in its speciality foods division, which includes brands such as sweetener Splenda,…

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