Full-year adjusted pre-tax profit has dropped 11% to £244m at Tate & Lyle.

The sugar manufacturer blamed an international sugar trading operating loss of £9m from £22m the year before and an adverse currency impact of £11m for the fall.

Sales rose 6.1% to £3.4bn for the year to 31 March.

“In international sugar trading, we have taken the necessary actions to restructure its activities and refocus management priorities to ensure that this year's result is not repeated,” said CEO Iain Ferguson.