StockMarketWire.com - Food ingredients manufacturer Tate & Lyle reported a 30% drop in pre-tax profit to £113m for the six months to 30 September in line with expectations and left its full-year guidance unchanged.

At constant currencies and excluding exceptional items, however, profit was flat with the same period in 2017 at £166m.

Sales, meanwhile, fell 1% to 1.383bn.

The Group's outlook remains unchanged and the company reiterated its May guidance for the year ending 31 March 2019: "We expect growth in earnings per share in constant currency to be in a mid-single digit range, albeit towards the lower end due to energy and transport cost inflation in North America and a strong year of commodities performance in fiscal 2018."



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