Associated British Foods (ABF) has posted a 5% rise in profits to £393m (US$574m) over the last financial year; a growth rate the company argues represents "outstanding performance" against the cautionary warning issued by chairman Harry Bailey in April. ABF's financial report, to the year end on 15 September, also revealed a slight increase in revenue to £4.43bn and a 7% increase in earnings per share, to 35.4p. A total dividend of 11.8p has been proposed, a figure up 5%.