Saturday December 7, 2019

ABF Foods profit beats estimates as sugar offsets Primark decline

The company said the currency pressures that had held back its performance were starting to ease

19th April, 2016
Primark's flagship store in London Pic: Getty

Associated British Foods reported first-half earnings that beat analyst estimates as improved results from its sugar business offset a decline in profit at its Primark discount retail chain.

Adjusted pretax profit rose four per cent to £466 million (€586 million), the London-based company said, ahead of analysts' forecasts of £454 million. The company reiterated that it expects a marginal decline in adjusted earnings per share for the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Lab academic says Ireland is missing out in terms of education, knowledge-sharing and ‘the mysteries of the universe’

Emmet Ryan | 6 days ago

The Kardashians, the family for whom the phrase ‘famous for being famous’ was made, were the forerunners of today’s influencer culture and, by monetising their very selves, have created a new kind of uber-celebrity

Marion McKeone | 6 days ago

Becoming a father at 16 gave Andy Farrell a crash course in the ways of the world. Almost three decades later, the former rugby league legend has taken over from Joe Schmidt as head coach of Ireland

Garry Doyle | 1 week ago