At the present moment it is expected that AB Foods shall be delivering a very good progress report for its earnings for the year since its Silver Spoon sugar venture and discount clothes chain Primark get into the sturdy recital in the third quarter.

During the 16 weeks to 19 June the revenues of the group toll by 13%, abet by a 44% gush in sugar revenues and a 15% inclination at its retail business.

Moreover it is moving upward by 14% for the first 40 weeks of the financial year.

According to the entity the limitation of sterling has been persistent to promote the conversion of the group revenues from enduring the businesses which went by 9% forward at constant currency, which is in line with the half year predictions.

Sugar felt the gush from the insertion of Azucarera, which was welcomed in April 2009, but still asserted a 16% plunge devoid of the new business. The yearly sales till date are also up by 44%, or 12% excluding Azucarera.

Primark is moving well with the excellent year in terms of earnings, along with Spain heading absolutely well. Sales went up by 17% in the year till date, geared up by an inclination in retail selling space and further likely sales growth.

AB also added that the operating margins during the second half of the year remained sturdy and the margin for the whole year is expected to stay ahead and moving to the parallel of what the group achieved last year with a profit from inclining volumes more than compensating elevated freight charges.