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ABF Associated British Foods Plc

2,690.00
-12.00 (-0.44%)
Last Updated: 11:56:12
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Associated British Foods Plc LSE:ABF London Ordinary Share GB0006731235 ORD 5 15/22P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -12.00 -0.44% 2,690.00 2,689.00 2,691.00 2,711.00 2,665.00 2,711.00 332,202 11:56:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Textile Goods, Nec 19.75B 1.04B 1.3790 19.43 20.29B

AB Foods Sees Excellent Progress in 1st Half Adjusted Earnings

27/02/2017 7:54am

Dow Jones News


Associated British Foods (LSE:ABF)
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By Tapan Panchal

 

LONDON--Associated British Foods PLC (ABF.LN) said Monday it expects excellent progress in adjusted operating profit and adjusted earnings per share for the first half of fiscal 2017, and said sales at its fashion clothing unit, Primark, for the period will be 11% ahead of last year on constant-currency basis due to increased selling space.

Primark sales for the first half are expected to be 21% ahead of last year at actual exchange rates, the company said.

In the six months ended Feb. 27, 2016, the food, ingredients and retail group recorded adjusted operating profit of 486 million pounds ($605.17 million) and adjusted earnings per share of 46.1 pence.

The London-listed company has reiterated its fiscal 2017 trading outlook.

In January, it anticipated progress in group adjusted operating profit and adjusted earnings for the fiscal year. The adjusted figures strip out exceptional and other one-off items.

AB Foods is due to report its results for the six months ending March 4 on April 19.

 

Write to Tapan Panchal at tapan.panchal@wsj.com

 

(END) Dow Jones Newswires

February 27, 2017 02:39 ET (07:39 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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