Sugar Weighs Heavily On ABF, But Is Primark Still A Panacea? Analysis
Having seen European sugar prices drop quite considerably last year, there was always likely to be a stand out takeaway from the first half results from Associated British Foods, which were published earlier today.
ABF's AB Sugar division saw a 12% decline in revenue (at constant currency levels) to £938 million, which was down from £1.08 billion the previous year.
Adjusted operating profit at the division was down 24%.
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