A bumper performance in the sugar market has helped Associated British Foods balance sharply declining profits in its ingredients and grocery businesses.
The sugar and ingredients divisions of Associated British Foods (ABF) are expected to show good growth backed favourable foreign exchange rates when its interim results are announced in April.
Associated British Foods today announced the £100m (€139m)
expansion of subsidiary Illovo Sugar's facilities in Mali, as EU
reforms force the company to move operations out of the bloc.
Associated British Foods (ABF) yesterday blamed a drop in operating
profits of 21 per cent to £413m (€612.9m) before on higher energy
costs and instability arising from EU sugar reforms.
Associated British Foods (ABF) yesterday blamed a 21 per cent drop
in operating profit on European sugar industry reform and
significantly higher energy costs.
Associated British Foods (ABF) yesterday blamed a 21 per cent drop
in operating profit on European sugar industry reform and
significantly higher energy costs.
UK food and ingredients firm Associated British Foods has beaten
full year profit expectations after posting double-digit growth
against a backdrop of firmer commodity pricing and adverse currency
movements. The performance underlines...
Acquisitions for UK food, ingredients and retail firm Associated
British Foods are key to reducing dependency of group profits on
ABF's leading revenue source British Sugar. This week the company
signs a deal with Unilever to...
