The Tate & Lyle Board is recommending an unchanged interim dividend for the six months to 30 September 2020 of £41 million or 8.8p per share. This will be paid on 6 January 2021 to all shareholders on the Register of Members on 20 November 2020. In addition to the cash dividend option, shareholders will continue to be offered a Dividend Reinvestment Plan alternative.
+9% increase in Food & Beverage Solutions profit at £98m; volume in-line and revenue +1% higher
(12%) lower Sucralose profit at £25m
Primary Products profit at £83m in line with the comparative period
− Sweeteners and Starches profit £(11)m lower; Commodities profit2 +£11m higher
+21% increase in share of profit after tax of joint ventures including £4m foreign exchange benefit in Almex
(4%) decrease in Group statutory profit before tax
+3% increase in adjusted profit before tax
+9% increase in adjusted diluted EPS
− Benefitting from joint venture foreign exchange and lower effective tax rate of 16.6% (2019: 20.9%)
+£23m higher adjusted free cash flow at £194m
Net debt to EBITDA ratio 0.7x
