logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Senate Republicans released a draft of their version of legislation to repeal and replace Obamacare on Thursday, with a vote on the 142-page bill expected as soon as next week. The bill, called the Better Care Reconciliation Act, repeals Obamacare's individual and employer mandates as well as the... A local cable and broadband provider in Texas has filed a lawsuit against Comcast Corp., alleging that the cable giant and its contractors drove it out of business by severing its business cable lines after it rejected Comcast's buyout offer. The lawsuit was filed last week in Harris County, Texas, court by Anthony Luna, owner of Telecom Cable LLC. John Oliver, the host of HBO's Sunday Show "Last Week Tonight," HBO and Time Warner have been sued by coal baron Robert Murray for mocking him and his coal company on the show's most recent episode. Murray had previously sent the show its first cease-and-desist letter.
comments powered by Disqus
Follow RTT