Associated British Foods Reports Annual Financial Results
Associated British Foods has announced financial results for fiscal year 2019.
Statutory operating profit down 5% to £1,282m mainly as a result of an exceptional charge of £79m included in this year’s income statement. This year includes a greater loss on closure of businesses, and so statutory profit before tax was down 8% to £1,173m and basic earnings per share were down 13% to 111.1p.
George Weston, Chief Executive of Associated British Foods, said...
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