Company Profile For Associated British Foods plc

Associated British Foods plc (ABF) is a United Kingdom-based holding company. The Company is engaged in the processing and manufacture of food worldwide and textile retailing in the United Kingdom and continental Europe. The Company operates in five segments: grocery, sugar, agriculture, ingredients and retail. Its subsidiaries include AB Agri Limited, AB Enzymes GmbH, AB Enzymes Oy, AB Mauri Food, S.A., Alimentos Capullo.S.de R.L.de C.V., Mauri Products Limited, SPI Pharma Inc., Wander AG, Cereform Limited and SPI Pharma S.A.S. On April 30, 2009, it acquired Azucarera Ebro, the sugar producer in Iberia. In August 2009, it sold the Polish sugar business. During the fiscal year ended September 12, 2009 (fiscal 2009), the Company disposed its United States packaged oils business, Gilde Bakery Ingredients business and the Pongola mill in South Africa. In November 2009, the Company sold its Polish sugar business, British Sugar (Overseas) Polska SP. z.o.o. to Pfeifer & Langen Polska S.A.

BRIEF: For the fiscal year ended 12 September 2009, Associated British Foods plc's revenues increased 12% to £9.26B. Net income increased 1% to £359M. Revenue reflects an increase in sales from Grocery, Ingredients, Agriculture & Retail business segments and a higher income from UK, Asia Pacific, Middle East & African markets. Net income was partially offset by increased finance expenses and lower other finance income.