Tate & Lyle (LON:TATE) First Half 2023 Results
Key Financial Results
Revenue: UK£849.0m (up 29% from 1H 2022).
Net income: UK£56.0m (up 367% from 1H 2022).
Profit margin: 6.6% (up from 1.8% in 1H 2022).
EPS: UK£0.14 (up from UK£0.03 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tate & Lyle Earnings Insights
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in the United Kingdom.
The company's share price is broadly unchanged from a week ago.
You should always think about risks. Case in point, we've spotted 2 warning signs for Tate & Lyle you should be aware of, and 1 of them can't be ignored.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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