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Tate & Lyle Profits Down 12%
NEW YORK - Jun 2/05 - SNS -- Tate & Lyle PLC reported preliminary results for its 2005 fiscal year, which ended March 31, saying pretax profits were down 12%.
The company said pretax profits totalled U.S. $364 million on sales of $6,183 million, compared to a pretax profit of $414 million on sales of $5,859 million the previous fiscal year.
At the same time, Tate & Lyle's board of directors proposed an increase of 0.6p (1.1cents) (3.2%) in the total dividend for the year to 19.4p (35.9cents). This is covered 2.0 times by earnings before exceptional items and amortization. The proposed final dividend of 13.7p (25.3cents) will be due and payable on August 3, 2005 to all shareholders on the register at July 8, 2005.
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