Profits cheer for ABF

12 November 1999

Profits cheer for ABF

ASSOCIATED British Foods, whose main interests include British Sugar, Allied Mills and ABN animal feeds, saw profits move up over 5% to £284m for the year ending Sept 16, despite a slight fall in its UK turnover to £2.96bn. British Sugars contribution to group profits was helped by the 1.4m tonne sugar output last year. And although there was a significant fall in world sugar prices, income was boosted by sales of energy to the national grid following investment in turbine technology at two sites. &#42