Associated British foods increases 2013 full year dividend by 12%

DividendMax Ltd.

Associated British foods increases 2013 full year dividend by 12%

Financial Highlights

 

Group revenue up 9% to £13.3bn

 

Adjusted operating profit up 10% to £1,185m*

 

Adjusted profit before tax up 13% to £1,096m**

 

Adjusted earnings per share up 13% to 98.9p**

 

Dividends per share up 12% to 32.0p

 

Net capital investment of £600m

 

Net debt reduced to £804m

 

Operating profit up 25% to £1,093m, profit before tax up 15% to £876m and basic earnings per share up 6% to 74.8p

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

"I am delighted to report that the group has again delivered a great set of results. Grocery was much improved, Agriculture achieved record profits, Sugar was in line with our expectations and it was a remarkable year for Primark."

Companies mentioned