LONDON Jan 12 Associated British Foods
said total sales at discount fashion store Primark climbed 11
percent in the 16-week Christmas period as it stuck to a
forecast to make progress in group annual operating profit.
AB Foods said that on a constant currency basis sales at
Primark were 11 percent higher in the 16 weeks to Jan. 7
compared to the previous year, as it opened more shop space. In
the UK, it reported "good" underlying sales and said stock was
well-managed in the period.
On a group basis, the company, which also has big sugar and
grocery businesses, said its outlook for the year was unchanged.
(Reporting by Sarah Young; editing by Costas Pitas)