The Tate & Lyle Board has approved an increase in the interim dividend for the six months to 30 September 2021 of 0.2p to 9.0p. This will be paid on 5 January 2022 to all shareholders on the Register of Members on 26 November 2021. As well as the cash dividend option, shareholders will be offered a Dividend Reinvestment Plan alternative.
Other financial highlights include:
Revenue +19%; profit before tax +20%
− Food & Beverage Solutions revenue +19%
− New Products revenue +48%
− Sucralose revenue +17%
Adjusted diluted EPS +25%
Adjusted profit after tax (12)% lower
Statutory profit after tax (23)% lower at £102m with exceptional costs of £67m partially offset by benefit of £25m held for sale accounting adjustments
Adjusted diluted EPS +3% higher at 29.8p
Free cash flow £67m lower at £127m, net debt £8m lower at £409m
