| Primark owner AB Foods sees strong sales |
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Associated British Foods has reported a 12% rise in total sales in the 16 weeks to 7 January, thanks to "exceptional" performances at its sugar division and at discount fashion chain Primark.
The group, which sells Silver Spoon sugar, said higher prices and higher production levels meant that total revenues from sugar rose 21%. Revenues at Primark increased by 16%. However, it added that the operating margin at Primark was lower than a year ago because of higher cotton costs. |
