News International Sugar Journal

AB Sugar boosts Associated British Foods profits [Registered]

Annual results published recently show that of Associated British Foods’ five business units, AB Sugar was the best performing. Revenue and operating profit from the group were up by 10% and 31%, respectively. The key profit drivers were the business units in China and Spain (table 1). Table 1. 2011 annual results from AB Sugar 2011 2010 change Revenue £m 2,134 1,941 +10% Adjusted operating profit £m 315 240 +31% Adjusted operating profit margin 14.8% 12.4% Return on average capital employed 17.3% 14.0% In the UK, the profit of British Sugar reflected the impact of the crop shortfall resulting from…

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