Primark owner says higher costs, weaker consumer to weigh on 2022-23 outcome

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The group, which also owns major sugar, grocery, ingredients and agricultural businesses, said on Tuesday it made a year to Sept. 17 adjusted operating profit of 1.435 billion pounds ($1.65 billion), up from 1.01 billion pounds in 2020-21, mainly reflecting a jump in Primark’s sales after the end of COVID-related restrictions.

($1 = 0.8705 pounds)