date:Feb 18, 2014
that it saw an improved performance from US sweeteners and US ethanol relative to the comparative period, but lower returns from co-products held back the divisions performance overall.
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, adjusted profit before tax was lower than the companys expectations.
In Bulk Ingredients, the company said that unit margins for liquid corn swe