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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2,701.00 | 2,700.00 | 2,701.00 | 2,722.00 | 2,689.00 | 2,703.00 | 867,771 | 15:36:41 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Textile Goods, Nec | 19.75B | 1.04B | 1.3790 | 19.62 | 20.49B |
By Matteo Castia
Associated British Foods PLC on Tuesday reported a fall in pretax profit for fiscal 2020 on lower revenue due to the coronavirus, but said it sees higher sales and profits next year for its clothing business, Primark.
The British conglomerate made a pretax profit of 686 million pounds ($886.2 million) for the year ended Sept. 12, compared with GBP1.17 billion in fiscal 2019.
Revenue fell to GBP13.94 billion from GBP15.82 billion a year earlier.
The board declared no final dividend in an attempt to preserve resources amid the coronavirus pandemic.
"Notwithstanding the currently announced periods of restriction, we expect Primark full year sales and profit to be higher next year," the company said.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
November 03, 2020 02:38 ET (07:38 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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