Associated British Foods plc (ASBFY.PK, ABF.L) announced the Group expects to report good growth in adjusted operating profit and adjusted earnings per share for the 52 weeks to 16 September 2017. Adjusted operating profit for the group will be well ahead of last year. In its third quarter trading update on 6 July, Associated British Foods reported an improvement in expectation for the group's full year underlying operating performance as a result of a stronger profit delivery from Primark. The Group noted that since that time it has experienced an even lower level of markdown which has further improved full year outlook.
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