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IN BRIEF: Tate & Lyle Earnings Slip As Lockdowns Hit Sucralose

5th Nov 2020 13:27

Tate & Lyle PLC - Food and beverage ingredients maker based in London - Says revenue in six months ended September 30 is down 5.9% year-on-year at GBP1.39 billion from GBP1.48 billion. Pretax profit down 4.3% to GBP157 million from GBP164 million. Holds interim payout at 8.8 pence per share. Warns lockdowns to continue hurting Sucralose unit in second half as the did in first.

Current stock price: 666.00, up 5.2% on Thursday

Year-to-date change: down 12%

By Eric Cunha; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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Tate & Lyle
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