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ABF Associated British Foods Plc

1,910.50
-2.50 (-0.13%)
Last Updated: 16:03:48
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
  -2.50 -0.13% 1,910.50 1,910.00 1,911.00 1,919.00 1,904.50 1,916.00 231,797 16:03:48
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Textile Goods, Nec 20.07B 1.46B 1.9867 9.63 14.01B

AB Foods Upbeat As Profit Rises On Higher Revenue

24/04/2012 7:47am

Dow Jones News


Associated British Foods (LSE:ABF)
Historical Stock Chart


From Feb 2020 to Feb 2025

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Associated British Foods PLC (ABF.LN), the U.K.-based food, ingredients and retail group, Tuesday said it expects "substantial" earnings growth this year as it posted a rise in first-half profit on higher revenue.

MAIN FACTS:

-Net profit for the 24 weeks ended March 3 up to GBP250 million (1H 2011: 241 million).

-Operating profit before exceptionals up 6% to GBP412 million (1H 2011: GBP390 million).

-Pretax profit before exceptionals up 3% to GBP363 million (1H 2011: GBP354 million).

-Revenue up 11% to GBP5.77 billion (1H 2011: GBP5.21 billion).

-Sugar revenue up to GBP1.2 billion (1H 2011: GBP1.02 billion). Agriculture revenue up to GBP597 million (1H 2011: GBP507 million). Grocery sales up to GBP1.81 billion (1H 2011: GBP1.74 billion). Ingredients revenue up to GBP538 million (1H 2011: GBP527 million).

-Primark revenue up to GBP1.62 billion (1H 2011: GBP1.41 billion).

-Sugar full-year profit expected well ahead year-on-year.

-Declares an interim dividend of 8.5 pence, up 8% year-on-year.

-CEO: "The group delivered good growth in revenue and profit. 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."

-Shares closed Monday at 1215 pence, valuing the company at GBP9.62 billion.

 
-By Simon Zekaria, Dow Jones Newswires; +44 207 842-9410; simon.zekaria@dowjones.com 
 

Order free Annual Report for Associated British Foods Plc

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