Companies
Profit increases to £1.5bn at Penney’s owner despite higher cost inflation
Group revenue at Associated British Foods increased 15 per cent to almost £20 billion for its 2023 financial year
Associated British Foods (AB Foods), the owner of Primark-Penneys, has reported “resilient” growth as it reported a modest increase in profits for its 2023 financial year.
The British food and retail giant, which is listed on the London stock exchange, reported a 5 per cent increase in adjusted operating profits to £1.5 billion for the 12 months to September 16.
Overall group revenue at AB Foods increased 15 per cent in to £19.7 billion as ...
