Tate & Lyle reports fiscal 2012 net earnings of £309M, up 85% from year-ago period amid higher sales, lower finance costs; group sales rise 16% to £3.09B
May 31, 2012
– Tate & Lyle plc posted fiscal 2012 net earnings of £309 million (US$479.2 million), up 85% from the year-ago period amid higher sales and lower finance costs, Just-Food.com reported May 31.
The company said that net finance expenses dropped to £25 million from £58 million last fiscal year. Statutory pre-tax profits rose 54.7% to £379 million.
Group sales rose 16% to £3.09 billion.
The primary source of this article is Just-Food.com, Bromsgrove, England, on May 31, 2012.