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AB Foods to pay special dividend -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Signage outside Primark’s Oxford Street store in London on July 2, 2020. REUTERS/Hannah McKay

LONDON (Reuters] – Associated British Foods said Tuesday it would pay a special distribution after its balance sheet was restructured and the cash flow has recovered from the pandemic.

According to the company, Primark’s fast fashion store Primark is expected to have a better margin and profit for its financial year. Primark was also hit earlier by closures.

According to the company, it reported an adjusted earnings per share (EPS) of 80.1 pence in the 52 weeks ending September 18, a drop of 1% from its previous record.

($1 = 0.7414 pounds)

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