Associated British Foods FY Pretax Profit Declines – Quick Facts

Associated British Foods plc (ASBFY.PK,ABF.L) reported that its statutory profit before tax for the 52 weeks ended 15 September 2018 was down 19% at 1.28 billion pounds, and basic earnings per share down 16% to 127.5 pence. Adjusted profit before tax for the period was 1.37 billion pounds, up 5%. Adjusted earnings per share increased by 6% to 134.9 pence.

For the fiscal year, revenues were 1% higher than last year at 15.6 billion pounds. At constant currency, revenue was 3% ahead of prior year.

The company confirmed that, subject to the approval of shareholders at the AGM to be held on 7 December 2018, a final dividend of 33.3 pence per share will be paid on 11 January 2019 to shareholders on the company’s register of members at the close of business on 14 December 2018. The ex-dividend date will be 13 December 2018.

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