AB Foods Reports 12% Surge In 16-Week Sales

Associated British Foods PLC (OTC: ASBFY) reported a 12% rise in its revenue for the first 16 weeks ended January 7. It also projects rise in sales and adjusted operating profit in the coming year.

Sugar revenue surged 21%, while agriculture revenue gained 22%. Grocery revenue surged 4%, while ingredients revenue rose 2%.

ASBFY shares closed at $17.62 yesterday.