The Tate & Lyler plc Board has approved an interim dividend for the six months to 30 September 2024 of 6.4p (2023 - 6.2p) per share. This dividend will be paid on 6 January 2025 to all shareholders on the Register of Members on 22 November 2024.
Other financial highlights include:
Positive volume momentum +6% with Food & Beverage Solutions +4% and Sucralose +20%
Revenue (7)% with Food & Beverage Solutions (8)% due to pass through of input cost deflation weighted to H1
Adjusted EBITDA2 +6%, with Food & Beverage Solutions +3% and Sucralose +23%
Further productivity savings of US$27m during H1
Adjusted profit after tax2 +11%, statutory profit after tax (continuing ops) (26)% reflecting increased M&A costs
Profit after tax from discontinued operations of £95m, includes post-tax gain on Primient disposal of £85m
Return on capital employed improved by 150bps to 18.5%
