(Bloomberg) -- Tate & Lyle Plc, once the world's biggest
sugar refiner, said costs to increase production of Splenda and
defend the patent on the sweetener will hurt profit this year.
Shares of the London-based company fell 6.2 percent, the most in
four months. Net income was 214 million ($422.6 million), or 43.6
pence a share, in the 12 months ended March 31, according to a
statement released today. Tate had a net loss of 30 million pounds,
or 6.3 pence a share, a year earlier, because of writedowns.
Read more at Bloomberg Stocks News
sugar refiner, said costs to increase production of Splenda and
defend the patent on the sweetener will hurt profit this year.
Shares of the London-based company fell 6.2 percent, the most in
four months. Net income was 214 million ($422.6 million), or 43.6
pence a share, in the 12 months ended March 31, according to a
statement released today. Tate had a net loss of 30 million pounds,
or 6.3 pence a share, a year earlier, because of writedowns.
Read more at Bloomberg Stocks News
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