Adjusted pre-tax profits for the six months to September 30 rose four per cent to £128m as revenues climbed 25 per cent to £1.7bn.
Tate said earnings were driven by growth at its American food and industrial ingredients arm and hiked its half-year dividend by 4.6 per cent to 6.8p.
The company's shares opened four per cent higher in a weak market today. Today's update will come as a relief to investors after a series of profits warnings caused by a host of factors including the weak US dollar, lower sugar prices after EU reforms and higher European corn costs.
In May, the group said underlying pre-tax profits fell 11 per cent to £244m after `a year of transition' for the business.
Chief executive Iain Ferguson said today: "We continue to make good progress in growing the business in our areas of strategic focus and investment."
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