Associated British foods increases its 2014 interim dividend by 4%

DividendMax Ltd.

Associated British foods increases its 2014 interim dividend by 4%

Highlights

 

Group revenue down 2% to £6,206m

 

Adjusted operating profit up 1% at £497m

 

Adjusted profit before tax up 4% at £468m

 

Adjusted earnings per share up 10% at 45.8p

 

Dividend per share up 4% to 9.70p

 

Net debt £827m after net capital investment of £328m

 

Operating profit up 2% to £463m, profit before tax up 6% at £434m and basic earnings per share up 12% to 43.2p

George Weston, Chief Executive of Associated British Foods, said:

"The group as a whole has delivered a very resilient operational and financial result at a challenging time of transition for our European sugar business."

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