Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Tate & Lyle reports "encouraging performance"

ingredientsnetwork 2019-11-14
Share       

Tate & Lyle has announced its half year results for the six months to 30 September 2019.

The company reported “encouraging performance in line with our expectations”, with Food & Beverage Solutions delivering top-line momentum and double-digit profit growth while Sucralose performed solidly with profit broadly in-line with the comparative period. Full-year guidance was unchanged.

Nick Hampton, Chief Executive, said: “We made encouraging progress in the first half. In Food & Beverage Solutions, increased focus on pricing and mix management delivered strong growth. Profit from Primary Products was lower despite good performance from our manufacturing and supply chain network as market conditions continued to be challenging. Both divisions benefited from productivity gains and cost discipline. Cash generation was higher and during the half we took further actions to strengthen our balance sheet.”

“Our priorities to sharpen the focus on our customers, accelerate portfolio development and simplify the business are driving momentum across the organisation and supporting performance. We are also proud to have established an important programme to support sustainable agriculture for US-grown corn.”

“Overall, the business is in a strong financial position and delivering clear strategic progress.”

“Despite market challenges, our outlook for the year ending 31 March 2020 is unchanged and we continue to expect earnings per share growth in constant currency to be broadly flat to low-single digit.”

-----------------------------------------------------------------------
Editors Note: For any copyright disputes involving the content,
please email: Julia.Zhang@ubmsinoexpo.com to delete. 

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

MAGNESIUM SULFATE

MAGNESIUM SULFATE

Complex Protease ZF101

Complex Protease ZF101

ACERPRIL Tablets

ACERPRIL Tablets

Trisodium Citrate Dihydrate

Trisodium Citrate Dihydrate

Phytosterols

Phytosterols

Birch Bark Extract

Birch Bark Extract

Nanometer bamboo charcoal powder

Nanometer bamboo charcoal powder

Cinnamon .P.E

Cinnamon .P.E

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121