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Associated British Foods PLC said Tuesday that adjusted operating profit for the first half of fiscal 2023 fell, but backed its full-year guidance amid robust sales growth and less volatile inflation, and raised its dividend payout.
The British conglomerate UK:ABF posted an adjusted operating profit—-which strips out exceptional and other one-off items–for the 24 weeks ended March 4 of 684 million pounds ($854 million), compared with GBP706 million for the year-earlier period.
The…
