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AB Foods forecasts earnings growth in 2019-20 year

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By Reuters
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LONDON (Reuters) – Associated British Foods <ABF.L> on Friday kept its forecast for earnings growth in its 2019-20 year with anticipated progress in its sugar and grocery businesses supplementing the further expansion of its Primark fashion chain.

“We still expect progress, on both a reported and an IFRS 16 adjusted basis, in adjusted earnings per share for the group for this financial year,” Chairman Michael McLintock said in a statement ahead of its annual shareholders’ meeting.

(Reporting by James Davey; editing by Kate Holton)