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0.049803183296252 0.049803183296252 0.049803183296252 0.0501454732158138 0.0528837925723088 0.0528837925723088 0.0467225740201952 0.0455245593017286
Stock impact report

Dow Jones Newswires: Primark owner AB Foods posts profit drop [MarketWatch]

ASSOCIATED BRI/F UNSP/ADR (ASBFY) 
NASDAQ:AMEX Investor Relations: abf.co.uk/investorrelations
Company Research Source: MarketWatch
Primark owner AB Foods posts profit drop Associated British Foods PLC said Tuesday that pretax profit fell 8.3% in fiscal 2019, despite strong performance at Primark and its grocery business. For the year ending Sept. 14, the U.K. retailer ABF, +3.78% said pretax profit was 1.17 billion pounds ($1.51 billion)O, compared with GBP1.28 billion in fiscal 2018. Adjusted operating profit — the company’s preferred metric which excludes exceptional costs — was GBP1.42 billion, up 1% from the prior year, the company said. Revenue for the year rose 1.6% to GBP15.82 billion, it said. The board declared a final dividend of 34.3 pence a share, which together with the interim dividend brought the full year payout to 46.35 pence, an increase of 3%, the company said. Adjusted operating profit at its sugar segment fell 79% at actual foreign exchange rates to GBP26 million, while its grocery segment rose to GBP380 million from GBP335 million on the same metric this time last year. Meanwhile, retail Show less Read more
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