Associated British Foods (ABF) said today (8 July) that it remains on track to deliver “good earnings progress” for the full-year.
Group revenue from continuing operations for the 40 weeks to 19 June was 14% ahead of the same period last year and in line with the growth reported at the half year, the firm said today (8 June).
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The weakness of sterling continued to benefit the translation of sales from continuing businesses, which were 9% ahead at constant currency.
Sugar revenues in the last 16 weeks were 44% ahead of last year thanks to the inclusion of the sale of Azucarera, which was acquired in April 2009.
Grocery revenues for the period increased by 4% over last year.
“Trading for the group since the half-year remains on track to deliver very good progress in earnings for the full year,” ABF said.
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