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In a statement ahead of its AGM, chairman David Lees said the board is increasingly confident that during the second half, equilibrium between supply and demand for EU sugar will be restored, leading to progressively firmer refining margins for the company.
Group net debt at June 30 was 967 million pounds compared with 1.04 billion at March-end. The group anticipates a tax rate for the full year in the region of 31 percent for continuing operations.
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