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Trading statements

Tate & Lyle grows profits

27 July 2017 09:46

Tate & Lyle said it made an encouraging start to the year, with profit in constant currency in the first quarter ahead of the comparative period.

In the core speciality food ingredients division, North America saw modest volume growth with firmer volume from some larger customers, while Asia Pacific and Latin America, and Europe, Middle East and Africa delivered strong volume growth.

In the remainder of the speciality food ingredients division, food systems volume was in line with the comparative period and SPLENDA Sucralose performed as expected.

In bulk ingredients, the core business performed well driven by solid demand for sweeteners and industrial starches, firm US bulk sweetener margins, and continued strong manufacturing performance.

In commodities, performance was ahead of the comparative period.

At 9:46am: (LON:TATE) Tate Lyle PLC share price was +21.25p at 693.75p

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Related Company: TATE

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