Associated British Foods buoyed by strong Aussie dollar
UK company Associated British Foods has today announced an expected strong increase in revenue for the period to 27 February 2010, on the back of strong sugar performance and Australian grocery profits.
ABF, Australia’s second-largest food business, owns George Weston, including brands such as Tip Top, Burgen, Don smallgoods and KR Castlemaine. Their companies also include Twinings, Patak’s, Maille and Tabasco.
According to ABF, in addition to the Australian dollar, infrastructure improvements in Australian bakery and meats areas have shown profits, including the continued progress of construction of the Castlemaine meat factory. Significant savings also resulted from the closure of the KR Darling Downs abbatoir in Toowoomba in November last year.
ABF’s interim results will be announced on 20 April 2010, and profits are expected to be well ahead of 2009, with growth forecast to continue in the second half.
Coles has dragged down the Wesfarmers 2018 first half year financial profits with its earnings falli...
Milk, the largest dairy category in China, is predicted to stand at US$26.9bn in 2020, US$1.6bn gre...
Belgium chocolatier Godiva has opened its first Australian store, located in Melbourne city.
Sales in the juice market have dipped sharply over the past decade due to the growing con...
Autumn is almost upon us, and Australians will soon bid farewell to the longer days and balmy weath...
Jalna has decided for now to bring back Kosher certification of its products.
Today Beiersdorf Australia – manufacturer of NIVEA and Elastoplast products - has announced its off...
“Online is the fastest growing channel in Australian retail and with our combined credentials, we’ll...
Seems to me that you are picking up dead wood from Goodman fielder. They didn’t help that company. Hope they help yours.