Primark Owner AB Foods Profit Rises Ahead of Expectations
AB Foods reported better-than-expected profit for the year on lower costs and lifted its dividend payout. Continue reading View comments
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Retail, Grocery, Ingredients, Sugar, and Agriculture. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer women's, men's, and kids wear, as well as beauty, homeware, and accessories. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses. The Ingredients segment manufactures yeast and bakery ingredients, enzymes, procession extracts, and health and nutrition and pharmaceutical delivery systems. The Sugar segment is involved in growing and processing sugar beet and sugar cane. The Agriculture segment manufactures specialty feed ingredients, premix and compound animal feed, as well as other products and services for the agriculture sector. The company was incorporated in 1934 and is headquartered in London, the United Kingdom. Associated British Foods plc operates as a subsidiary of Wittington Investments Limited.
27.92 | |
27.71 | |
- | |
28.26 | |
27.71 | |
27.03-34.9887 | |
20 485 M | |
11.4426 | |
734 M | |
20 073 M | |
0.0418 | |
1.241 |
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AB Foods reported better-than-expected profit for the year on lower costs and lifted its dividend payout. Continue reading View comments
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage ...
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