Tate & Lyle shows a profit loss in full-​year results

Highlights

• Strong performance from core value added food ingredients, with adjusted operating profits up 22% (14% in constant currency).
• Reported net debt reduced by a third to £814m benefiting from free cash flow of £540m (2009 – £154m).
• Following detailed appraisal of market conditions and costs to complete, view that Fort Dodge highly unlikely to be commissioned for the foreseeable future leads to £217m exceptional charge.
• Adjusted diluted earnings per share increased by 2% to 38.9p (down 2% in constant currency).
• Proposed final dividend maintained at 16.1p, making a total dividend of 22.9p (2009 – 22.9p).

Source: Tate & Lyle

See also

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