Tate & Lyle profit and volumes ahead
Profit in constant currency was ahead of the comparative period, it said.
In a soft North American food and beverage market, the London-listed company said it saw modest volume growth with firmer volume from some larger customers.
Other global regions - Europe, Middle East and Africa (EMEA), Asia Pacific (APAC) and Latin America – all delivered strong volume growth, it said.
“Overall, we continue to expect that the group will make underlying progress in the full year,” read a statement issued by the company.
For the last financial year, Tate & Lyle reported an 85% increase in profit before tax thanks to higher sales, a weak pound and fewer exceptional costs.
In the 12-month trading period ending 31 March 2017, its total sales increased by 17%, to £2.8 billion (€3.2bn) with pre -tax profit almost doubling from £126m (€144m) to £233m (€267)
The company’s chief executive, Javed Ahmed, called it a year of strong performance with both business divisions delivering good profit growth.