date:Nov 09, 2018
British-based multinational agribusiness Tate Lyle says it has performed in line with expectations after its half-year results show flat profit growth with sales decreasing by 1 percent to 1.38 billion (US$1.81bn). The food ingredients maker fought off inflationary headwinds to deliver growth in adjusted profit before tax and strong cash flow despite cost inflation from materials.
Key highlights for the six months to 30 September 2018 include Food Beverage Solutions accelerating volume growt