Sugar and sweetener group Tate & Lyle has posted an 18% rise pre-tax profit and the group said it will continue to improve efficiency, cut costs and boost sales of branded products.

For the year to March 31 pre-tax profit rose to £187m from £159m on sales that fell to £2.76bn from £2.85bn on the back of disposals as the group restructured over the year.

T&L said in the UK and Europe its branded sugars performed satisfactorily. And that its Lyle’s Golden Syrup sales grew in export markets through its United Biscuits deal.