Associated British Foods ABF Interim results for the 24 weeks to the 3rd March produced a rise of 1% in profit before tax and rises of 3% in the interim dividend and adjusted earnings per share.On a statutory basis, operating profit was down 3%. All of the groups businesses, with the exception of sugar, produced good sales and profit growth. Despite unseasonable weather Primark produced 4% profit growth which is mundane compared to previous years but its UK performance is described as being remarkable, with a strong increase in the total share of the clothing market.
JD Sports Fashion JD produced record results for the 53 weeks to the 3rd February with revenue rising by 33% and profit before tax by 24%. Basic earnings per share rose from 18.38p to 23.83p and the total dividend is increased from 1.55p per share to 1.63p.
APC Technology Group APC has quadrupled total profit for the six months to the 28th February with a rise from £0.1m to £0.4m., which also represents a doubling of the total profit for the full year to August 2017. Operating profit for the half year, before exceptionals rose by 45% and revenue was up by 14%. Profit before tax surged from £42. to £353m. and earnings per share tripled. The company says that these results have laid the foundation for the delivery of increasing profits and cash generation.
Christie Group plc CTG preliminary results for the year to the 31st December showed an encouraging rebound and the first half performance in 2018 indicates that it will be significantly ahead of last years. Revenue in 2017 rose by 11.1% and operating profit more than tripled from £1.1m. before exceptionals to £3.8m., whilst earnings per share were up from 5.41p per share to 9.47p. Dividends for the full year are to be increased from 2.5p to 2.75 per share. The PBS division in particular showed a strong recovery with revenue up by 15.9% and operating profit tripling to £5.3m.