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
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
Follow RTT