Assoc. British Foods ABF claims that its results for the 24 weeks to the 2nd March are robust, with statutory profit before tax down by 15%, basic earnings per share by 19% and profit at AB Sugar down substantially. Say no more ! Grocery did produce strong underlying growth, with good momentum, Primark reverted to its usual role of saving the day for the rest of the Group, with excellent profit growth of 25%. Group revenue was 1% ahead and adjusted operating profit was 1% lower. Allied Bakeries seem to have been having a rough time and has had its largest private label bread manufacturing contract terminated by a major retailer. Noticeably this happened after recent customer discussions on pricing only some of which were successful. The effect of the volume loss is expected to be seen in the next financial year. A non-cash impairment charge of £65m has been recognised as an exceptional item in the income statement. The interim dividend is to be increased by 3%.
Centamin plc CEY claims to have made a solid start to the year, with the quarter to the 31st March having delivered ahead of expectations. Despite being the weakest quarter forecasted for 2019 , Sukari produced 116,183 ounces of gold in the first quarter compared to the forecast of 105,000 – 115,000 ounces. A stronger second half is forecast, with delivery of approximately 55% of the expected annual production during that half.
Biome Technologies plc BIOM updates that Group revenues achieved for the first three months of the year were 11% ahead of the previous quarter at £2.1m,
Boohoo Group plc BOO claims delivery of yet another excellent set of financial and operational results for the year to the 28th February, with strong growth and solid profitability. Revenue for the year rose by 48% across all geographies with the UK up by 37% and international by 64%. Trading in the first few weeks of the financial year has been encouraging and Group revenue growth for the full financial year is expected to be between 25% to 30%