logo
Plus   Neg
Share
Email
Comment

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
BlackBerry Ltd. has introduced a new a cloud-based cybersecurity program that will scan automakers' software for threats amid increased concerns about hacking in Internet-connected cars. BlackBerry Jarvis, the transformational software cybersecurity product, helps carmakers detect security flaws in software before it goes into their vehicles. General Motors Co. said it plans to mass-produce self driving cars that will have no steering wheel, pedals or manual controls by 2019. The automaker has filed a safety petition with the Department of Transportation for its fourth-generation self-driving Cruise AV, its first production-ready vehicle built from the start to operate safely on its own. Wells Fargo & Co. on Friday reported an 18 percent increase in profit for the fourth quarter from last year, reflecting a net benefit from the recent U.S. tax reform and a gain on sale of Wells Fargo Insurance Services, in addition to higher revenues. Earnings per share for the quarter beat analysts' expectations, while revenues missed their estimates.
comments powered by Disqus
Follow RTT