Tate & Lyle Q3 revenue up 8 percent

Tate Lyle
Tate & Lyle

dpa-AFX/GNA – Tate & Lyle issued a trading statement for the three months ended 31 December 2020.

The Group said it delivered strong performance in the quarter with volume growth in each business and Group revenue 8 per cent ahead of prior year. Food & Beverage Solutions revenue was up 8 per cent. Primary Products revenue was up 9 per cent.

For the year ending 31 March 2021, the Group projects adjusted profit before tax in constant currency to be modestly ahead of the prior year.

The Group now expects the adjusted effective tax rate for the year ending 31 March 2021 to be between 12 per cent and 14 per cent. As a result, adjusted earnings per share are anticipated to be well ahead of prior year.

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