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

LOS ANGELES , 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.

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