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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 | |
---|---|---|---|---|---|---|---|---|---|---|
19.50 | 1.02% | 1,925.00 | 1,926.50 | 1,928.00 | 1,929.50 | 1,905.00 | 1,905.50 | 1,200,390 | 16:35:17 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Textile Goods, Nec | 20.07B | 1.46B | 1.9867 | 9.70 | 13.96B |
LONDON--Food processing, grocery, and clothing company Associated British Foods PLC (ABF.LN) Tuesday reported a 26% increase in pretax profit in the 24 weeks to March 2, driven by a 24% increase in sales at clothing retailer Primark, and also declared a 10% increased interim dividend of 9.35 pence.
MAIN FACTS:
-Profit before taxation in 24 weeks to March 2 GBP415 million versus GBP329 million in 24 weeks to March 3 2012
-Group revenue up 10% to GBP6.33 billion versus GBP5.77 billion
-Operating profit up 21% to GBP459 million versus GBP378 million
-Adjusted operating profit up 20% at GBP496 million versus GBP412 million
-Adjusted profit before tax up 25% to GBP452 million
-Basic / diluted EPS 38.9 pence versus 31.7 pence
-Adjusted earnings per share up 22% at 41.9 pence
-Net debt GBP1,337 million after net capital investment of GBP334 million
-Primark sales 24% ahead of the same period last year including 7% like-for-like growth
-For FY, sees strong profit growth from Primark, but not at the same level of 1H which benefitted from lower cotton prices, and also expects an improvement in Grocery.
-These will more than offset a reduction in profit from Sugar as a result of lower E.U. production and lower prices in China.
-Shares closed Monday at 1,850 pence valuing the company at GBP14.6 billion.
-Write to Ed Ballard at ed.ballard@dowjones.com
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