Associated British Foods today said interim pre-tax profit outstrippedforecasts to £226 million sterling from £167 million a year earlier.
Analysts had forecast pre-tax profits of £176-208 millionfor the period to March 3rd.
It added restructuring initiatives aimed at cutting costs and slightly better sales from its core food and sugar business also helped boost earnings which came in line with the management's budget for the full year.
On the operating level profit before amortisation of goodwill rose by a marginal 3 per cent to £159 million with sales by ongoing businesses growing 4 per cent to £2.025 billion on the back of difficult market conditions.
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AFP