date:May 30, 2014
te Lyle has had to renegotiate contracts at lower prices in order to maintain market share.
At the same time, the company's corn syrup business has been dented by an unusually long and bitter winter in the United States that hurt sales of its customers' soft drinks.
In the fiscal year ended 31 March, Tate Lyle said adjusted operating profit before tax was 322 million pounds, down 2 percent from the prior year. Excluding the impact of currency fluctuations, it was flat.
Sales fell 3 percent