Associated British Foods plc (ABF.L) reported profit before taxation for the 24 weeks ended 2 March 2013 of 415 million pounds, compared to 329 million pounds last year. Profit to equity shareholders was 307 million pounds or 38.9 pence per share, compared to 250 million pounds or 31.7 pence per share last year.
Adjusted profit before tax increased 25% to 452 million pounds from prior year. Adjusted earnings per share was 41.9 pence for the period. Revenue from continuing operations rose to 6.33 billion pounds, from 5.77 billion pounds last year.
The Group's board has decided to declare an interim dividend of 9.35 pence, an increase of 10% on last year. The dividend will be paid on 5 July 2013 to shareholders registered at the close of business on 7 June 2013. The Group expects the profit improvement in current financial year to be weighted towards the first half.
For comments and feedback: editorial@rttnews.com