date:Feb 14, 2014
facility. The transaction generated a profit of 6 million, the majority of which was included in the Speciality Food Ingredients division.
Excluding the one-off benefit relating to the Hoffman Estates transaction, underlying profits in both divisions were well ahead of the prior year period. However, due to volume softness in developed markets and lower returns from co-products, Group adjusted profit before tax was lower than our expectations.
In Bulk Ingredients, unit margins for liquid corn