AB Foods あられ／賞賛するs turning point for sugar 商売／仕事
By James Davey
LONDON, Feb 22 (Reuters) - The 見通し for Associated British Foods' troubled sugar 商売／仕事 has reached a turning point as prices 改善する, the 会社／堅い said on Monday.
Weak prices have depressed 利益（をあげる） in the group's sugar 分割, 含むing a 77 パーセント 低迷 in 2014-15. However, it 推定する／予想するs greater 安定 in its 現在の year and 分析家s are 予測（する）ing a return to 利益（をあげる） growth in the に引き続いて year.
"We've had three years of 拒絶する／低下するing 利益（をあげる）s for our sugar 商売／仕事. We really are calling a turning point in that. That is why the 見通し here is certainly a brighter one," 財政／金融 Director John Bason told Reuters.
Bason was speaking after AB Foods 辛勝する／優位d up its 十分な-year 収入s 指導／手引, thanks to 最近の 通貨 moves and 改善するd 貿易（する）ing at its Primark 着せる／賦与するing chain, sending its 株 up to 2 パーセント higher.
Bason said that while world sugar prices remain low, a 強化するing of EU and Chinese 在庫／株 levels has resulted in a 強化するing of 国内の prices in those markets.
But he 公式文書，認めるd that with most of British Sugar's 契約s for 2015-16 already agreed, there will be no 構成要素 衝撃 on its 利益（をあげる） from the 改良 in pricing until 2016-17.
Primark and sugar account for over half of group 歳入. Primark alone accounts for over half of group 利益（をあげる）.
The 会社／堅い, which also has grocery, 農業 and 成分s busine sses, is now 予測（する）ing only a ごくわずかの 拒絶する／低下する in adjusted EPS in 2015-16 from the 102 pence made in 2014-15, having 以前 示すd a modest 拒絶する／低下する. Its 財政上の year runs until 中央の-September.
事前の to the update 分析家s were on 普通の／平均（する） 予測（する）ing 100 pence, によれば Reuters data. 分析家s at Shore 資本／首都 said they 推定する／予想するd 合意 期待s to 軽く押す／注意を引く-up 1-2 パーセント.
合意 EPS 予測（する）s rise to 117.4 pence for 2016-17.
"People are certainly factoring in an 改良 in profitability for sugar for 2017," said Bason.
Earlier this month AB Foods 開始する，打ち上げるd a 企て，努力，提案 to acquire the 49 パーセント of 公正，普通株主権 in South Africa's Illovo Sugar it does not already own.
The 弱めるing of 英貨の／純銀の in 最近の weeks, 特に against the euro, will 緩和する the 影響 of 通貨 translation on 現在の year results assuming 現在の 率s 勝つ／広く一帯に広がる, 減ずるing its previous 見積（る） of 25 million 続けざまに猛撃するs to 10 million 続けざまに猛撃するs.
AB Foods also said underlying sales at Primark had 改善するd since its January update and were 推定する／予想するd to be level with last year in the six months to Feb. 27.
Primark entered the U.S. market in September last year with two 開始s in Boston and Pennsylvania and 計画（する）s six more in 2016. It said 早期に 貿易（する）ing in the country had been encouraging. (Editing by Kate Holton and Keith Weir)
