Associated British Foods 2011 final results - dividend upped

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Associated British Foods 2011 final results - dividend upped

George Weston, Chief Executive of Associated British Foods, said:

"These results reflect another year of progress for the group.  Operating profit improved as our businesses overcame the challenges of high commodity cost inflation and weaker consumer demand.  Further substantial investment saw the completion of a number of major capital projects and a sizeable increase in the Primark estate.  Opportunities for further investment are exciting, particularly in Primark, and the strength of the group balance sheet and a strong cash flow will enable us to pursue them with confidence."

The final dividend was 16.85p making a total for the year of 24.75p, up 4%

 

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