date:Feb 14, 2014
ower prices, as it seeks to defend its market share.
For the full year to 31 March, Tate said profit should be in line with the prior year, when its adjusted profit was 329 million pounds ($545.65 million). That is below analysts' average estimate of 340 million pounds, based on the company's earlier forecast for growth.
In the third quarter to Dec. 31, the company said group adjusted profit before tax was lower than expected as a result of weak sales of its customers' products, which include