| LONDON, March 28 (Reuters) - Tate & Lyle Plc, the
world's biggest sugar company, which last month issued its
fourth profits warning in a year, said on Wednesday its annual
results would be broadly in line with expectations despite a
still tough market.
Last month, Tate & Lyle had blamed higher energy costs
and a worsening U.S. market for the latest profit warning.
The group, which is entering its closed period ahead of the
publication of its results for the year to March 31, 2001,
said it was holding a routine meeting with analysts.
Last November, the group had reported a 40 percent slump in
first half profit to 68 million pounds ($97.8 million) on
mainly flat turnover of 2.12 billion as the U.S. sugar market
continued to deteriorate. |