date:Sep 28, 2012
British sweeteners and starches maker Tate Lyle expects flat half year profits due to difficult trading in Europe although it sees a better second half with profits for its full year expected to be ahead.
The companys performance in its Specialty Food Ingredients sector improved during the second quarter; however due to difficult trading conditions in Europe, operating profit in this division will be lower than the prior year period.
Volume growth for the first half is expected to be in line