Primark-owner AB Foods profit up 32% but sugar weighs on outlook
LONDON, Nov 5 (Reuters) -Associated British Foods ABF.L reported a 32% rise in full-year profit, with a robust performance from its grocery division and a solid outcome from its Primark clothing business partially offset by accelerating weakness in its sugar operations.
For the year to Sept. 14 2024, the group made adjusted operating profit, its preferred profit measure, of 1.998 billion pounds ($2.59 billion), up from 1.51 billion pounds in 2023/24. Looking ahead, the group said it is "well-positioned".
($1 = 0.7712 pounds)
Reporting by James Davey; editing by Sarah Young
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