Tate & Lyle Fiscal Year Profit Slips - Tate & Lyle (OTC:TATYY)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

U.K. company

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Tate & Lyle PLC (ADR)

(OTC: TATYY) reported a drop in its pretax profit for the year to March 31.Tate & Lyle's pretax profit for the year slipped to 51 million pounds ($78.3 million), compared to GBP277 million, in the year-ago period. Its adjusted pretax profit declined 30 percent to GBP224 million.Adjusted EPS from continuing operations slipped to 37.7 pence, versus 55.7 pence, a year earlier.Its revenue slipped 15 percent to GBP2.36 billion. Adjusted sales in Speciality Food Ingredients declined 8 percent, while adjusted sales in Bulk Ingredients dropped 17 percent.Tate & Lyle's board proposed a final dividend of 19.8 pence per share.Chief Executive Javed Ahmed said, "It has been a very challenging year for the Group, but with the necessary actions underway we are firmly focused on improving our performance"Tate & Lyle gained 0.41 percent to close at $37.02 yesterday.