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Strong Pound and Falling Sugar Prices Hit ABF Profits
date:Sep 10, 2015
declined with recent pricing below 11.0 cents per pound which is the lowest for more than six years. This has led to an increase in low-cost imports into Africa which has held back some domestic prices.

Ingredients revenues will be ahead of last year at constant currency but, with the strengthening of sterling and most of ABFs businesses being located overseas, sales at actual rates are expected to be in line. Operating profit at actual exchange rates will be substantially ahead of last year a

03/07 00:10