ABF said that the integration of Ovaltine with its international Twinings business has progressed well and that profit from Ovaltine has been in line with expectations.
British Sugar’s profit in the UK benefited in the second half due to the strength of the euro, the company said.
In China and Poland however, sugar prices have continued to fall and will result in a lower than expected contribution from British Sugar Overseas.
George Western Foods in Australia has seen stronger underlying trading, with lower overheads and improved operating performances from the milling & baking and meat & dairy businesses. Sydney’s biscuit & cake factory has been sold and the cake business has been integrated with the baking business.
Two new Primark stores have opened this year taking the total to116.
Full year results to September 13 will be announced on November 4.