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DJ EARNINGS PREVIEW: Tate & Lyle 1H Pre-Items Pft Seen -11%

Posted on: Thu, 05 Nov 2009 10:17:00 EST

Symbols: TATYY

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Nov 05, 2009 (Dow Jones Commodities News Select via Comtex) --
TATYY | Quote | Chart | News | PowerRating -- e>Tate & Lyle (TATE.LN): 1H Earnings
Due: Nov 6 at 0700 GMT
DJ Survey of 4 Analysts
Average Operating Profit: GBP147.5M, down 1.7% (GBP150M in 1H 2008)
Average Pretax Profit Before Exceptional Items: GBP113.4M, down 11% (GBP128M in 1H 2008)

Note: Lower profit reflects the weak demand for corn products in the U.S., lower corn sweetener pricing and weakness in sugars. Results mark first presentation by new CEO Javed Ahmed and analysts will be watching for any news on strategy change. Outlook for U.S. corn and ethanol as well as sugar in Europe will be key. (MIC)

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(END) Dow Jones Newswires

11-05-09 1017ET

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