LONDON (dpa-AFX) - Associated British Foods Plc (ASBFY.PK, ABF.L), a British food processing and retailing firm, on Tuesday reported a rise in earnings and revenue for the fiscal 2022, as demand increassed during the post-pandemic period.
For the 12-month period to September 17, the London-headquartered firm posted a pre-tax income of 1.076 billion pounds, compared with 725 million pounds, a year ago.
After tax, profit was at 720 million pounds or 88.6 pence per share, higher than last year's 498 million pounds or 60.5 pence per share of 2021.
Operating earnings moved up to 1.178 billion pounds from 808 million pounds, posted for the previous fiscal.
The food company generated revenue of 16.997 billion pounds, compared with 13.884 billion pounds of 2021.
The Board has proposed a final dividend of 29.9 pence a share, to be paid on January 13, 2023, to shareholders of record on December 16. Taken with the interim dividend of 13.8 pence per share, the total dividend of 43.7 pence a share is higher than the total dividend of 40.5 pence per share in 2021.
Looking ahead, the company said: 'Our outlook remains unchanged. For the full year, we continue to expect significant growth in sales for the Group, and adjusted operating profit and adjusted earnings per share to be lower than the financial year just closed.'
Copyright(c) 2022 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX