Tate & Lyle PLC
8 June 2000
PART 2
SUPPLEMENT TO ANNOUNCEMENT OF PRELIMINARY RESULTS
For the 78 weeks ended 25 March 2000
TATE & LYLE PLC
ANALYSIS OF PROFIT AND SALES
78 weeks ended 25 March 52 weeks ended 26
2000 September 1998
£ £ £ £ £ £
million million million million million million
before except- after before except- after
except- ional except- except- ional except-
ional items ional ional items ional
items items items items
PROFIT BEFORE
INTEREST
----------------------------------------------------------------------------
Sweeteners and
starches
- Americas 225 19 244 114 1 115
- Europe 157 9 166 85 (4) 81
- Rest of the 16 (13) 3 20 1 21
world
----- ----- ----- ----- ----- -----
398 15 413 219 (2) 217
Animal feed & 25 (28) (3) 30 - 30
bulk storage
Other businesses (3) - (3) - - -
and activities
----- ----- ----- ----- ----- -----
420 (13) 407 249 (2) 247
===== ===== ===== ===== ===== =====
SALES
---------------------------------------------------------------------------
Sweeteners and starches
- Americas 2,583 1,755
- Europe 1,782 1,308
- Rest of the world 742 615
----- -----
5,107 3,678
Animal feed &
bulk storage 927 675
Other businesses
and activities 149 114
----- -----
6,183 4,467
===== =====
Average exchange rates 78 weeks to 52 weeks to
25 March 26 Sept 1998
2000
US dollar 1.63 1.65
Belgian Franc 61.3 60.8
Euro n/a n/a
The foregoing accounts, comprising this announcement and the contents of the
main announcement made concurrently, are not statutory accounts. Consolidated
accounts for the 52 weeks ended 26 September 1998 have been delivered
to the Registrar of Companies, whereas those for the 78 weeks ended
25 March 2000 will be delivered following the next Annual General
Meeting. The Company's auditors have made unqualified reports on the
accounts for both periods. Their reports did not contain any
statements concerning accounting records or failure to obtain
necessary information and explanations.
PAGE ELEVEN OF THIRTEEN
TATE & LYLE PLC
ANALYSIS OF PROFIT AND SALES
52 weeks ended 25 March 52 weeks ended 27 March
2000 1999
£ £ £ £ £ £
million million million million million million
before except- after before except- after
except- ional except- except- ional except-
ional items ional ional items ional
items items items items
PROFIT BEFORE
INTEREST
---------------------------------------------------------------------------
Sweeteners and starches
- Americas 156 14 170 136* 61* 142
- Europe 112 9 121 87 6 93
- Rest of the 12 (13) (1) 5 1 6
world
----- ----- ----- ----- ----- -----
280 10 290 228* 13* 241
Animal feed & bulk 11 (28) (17) 25 - 25
storage
Other businesses (7) - (7) 4 - 4
and activities
----- ----- ----- ----- ----- -----
284 (18) 266 257* 13* 270
===== ===== ===== ===== ===== =====
*Restated: a £5 million gain on the disposal of fixed assets, previously
included in operating profit in the March and September 1999 Interim
Reports, is now treated as exceptional.
SALES
--------------------------------------------------------------------------
Sweeteners and starches
- Americas 1,702 1,795
- Europe 1,167 1,300
- Rest of the world 520 536
----- -----
3,389 3,631
Animal feed & bulk storage 595 629
Other businesses and activities 106 99
----- -----
4,090 4,359
===== =====
Average exchange rates 52 weeks to 52 weeks to
25 March 27 March
2000 1999
US dollar 1.61 1.65
Belgian Franc 62.9 59.4
Euro 1.56 n/a
PAGE TWELVE OF THIRTEEN
TATE & LYLE
NET MARGIN ANALYSIS
2000 2000 1998 1998
78 weeks 78 weeks 52 weeks 52 weeks
ended ended ended ended
25 March 25 March 26 Sept* 26 Sept*
% % % %
before after before after
except- except- except- except-
ional ional ional ional
items items items items
--------------------------------------------------------------------------
Sweeteners and starches
- Americas 8.7 9.4 6.5 6.5
- Europe 8.8 9.3 6.4 6.2
- Rest of the world 2.2 0.4 3.3 3.3
----- ----- ----- -----
Sweeteners and starches 7.8 8.1 5.9 5.9
average
----- ----- ----- -----
Animal feed & bulk 2.7 (0.3) 4.4 4.4
storage
----- ----- ----- -----
Group 6.8 6.6 5.6 5.5
----- ----- ----- -----
2000 2000 1999 1999
52 weeks 52 weeks 52 weeks 52 weeks
ended ended ended ended
25 March 25 March 27 March 27 March
% % % %
before after before after
except- except- except- except-
ional ional ional ional
items items items items
-------------------------------------------------------------------------
Sweeteners and starches
- Americas 9.2 10.0 7.6 7.9
- Europe 9.6 10.4 6.7 7.2
- Rest of the world 2.3 (0.2) 0.9 1.1
----- ----- ----- -----
Sweeteners and starches 8.3 8.6 6.3 6.6
average
----- ----- ----- -----
Animal feed & bulk 1.8 (2.9) 4.0 4.0
storage
----- ----- ----- -----
Group 6.9 6.5 5.9 6.2
----- ----- ----- -----
* Percentages shown are those previously published, calculated using
profit and sales figures rounded to the nearest £0.1 million.
PAGE THIRTEEN OF THIRTEEN
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Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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