Tate & Lyle Posts 2% Drop In FY13/14 Pre-Tax Profit


News: UK-based agribusiness Tate & Lyle posted a 2% year-on-year (y-o-y) decrease in pre-tax profit to GBP322mn (USD538mn) during FY13/14 ended March 31, down from GBP327mn (USD547.28mn) during FY12/13. Net profit was GBP273mn (USD456.92mn), compared with GBP272mn during FY12/13, while revenue declined 3% to GBP3.15bn (USD5.27bn) during the reported period, from GBP3.26bn (USD5.45bn) in the same period of the previous year.

This article is tagged to:
Sector: Food & Drink, Agribusiness
Geography: United Kingdom