date:Feb 04, 2013
The company said that the third quarter was broadly in line with its expectations before the impact of exchange rate movements. As expected, adjusted profit before tax was lower than the comparative period as a result of the step change in fixed costs associated with its business transformation initiatives.
Within Speciality Food Ingredients, Tate Lyle said that it achieved good sales growth with volume growth ahead of the wider speciality food ingredients market. In starch-based speciality in