Food and drink ingredient maker Tate & Lyle posted a rise in interim profits, driven by higher prices.
Pre-tax profit for the six months to September 30 rose 10% to £139m. Revenues grew by a fifth to £849m.
“We have seen significant inflation and supply chain volatility in raw materials, energy and logistics costs, especially in Europe. We have worked closely with our customers to provide visibility of increasing input costs and continue to follow this approach as we enter discussions for 2023 calendar year contract renewals,” the company said on Thursday.
Reporting by Frank Prenesti for Sharecast.com
