Associated British Foods looks to sell unprofitable sugar business in China
date:May 13, 2016
g had resulted in improved performance.

The sugar unit still recorded strong sales of 1.8bn last year, but remained as the weakest of the group's five core businesses. It earned an operating profit of 43m and a 2.4% profit margin in its previous financial year ending 12 September.

China accounts for 23% of the ABF's sales and it is the smallest of the company's three geographic sugar regions.

Currently, ABF has five cane-sugar mills in southern China's Guangxi Province and two beet-sugar fact
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