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Associated British Foods H1 Pre-tax Profit Rises - Quick Facts

Associated British Foods Plc (ABF.L,ASBFY.PK) reported first-half pre-tax profit of 329 million pounds, higher than 319 million pounds last year.

Earnings per share were up to 31.7 pence from 30.6 pence in the prior-year period.

Adjusted profit before tax was up 3% to 363 million pounds from a year earlier. Adjusted earnings per share rose 5% year-over-year to 34.4 pence.

Revenue grew to 5.77 billion pounds from 5.21 billion pounds in the same period a year ago. The company noted that all business segments delivered revenue growth.

George Weston, Chief Executive of Associated British Foods, said,

"The group delivered good growth in revenue and profit. AB Sugar and Primark both performed strongly, demonstrating continuing momentum. We expect substantial growth in both adjusted operating profit and adjusted earnings per share for the group for the full year."

Further, the company said that the interim dividend will be 8.5 pence, an increase of 8% on last year, and will be paid on 6 July 2012 to shareholders registered at the close of business on 8 June 2012.

by RTTNews Staff Writer

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