date:Nov 09, 2012
Tate Lyle has reported sales up 7% (in constant currency) for the six months to September 30. Operating profit, however, was down by 26% over the period because of the softer European market and an increase in fixed costs according to analysts.
Tate Lyle made progress in the first six months against the backdrop of a strong first half last year, softer market conditions in Europe and the step change in fixed costs associated with the restart of our SPLENDA Sucralose facility in McIntosh, Alab