AB Foods Reports 1% Revenue Decline and 14% Lower Operating Profit
Group revenue fell 1% to £19.6bn in the year to 12 September, while adjusted operating profit on a constant-currency basis declined 14% to £1.5bn.
The owner of fast fashion retailer Primark as well as a host of grocery brands, including Twinings, Ovaltine and Silver Spoon, saw group revenues soften 1% in the year to 12 September, to £19.6bn. Adjusted operating profits on a constant currency basis were 14% lower at £1.5bn.Revenues at Primark r…