Primark owner reports profit decline, revenue rise despite challenges

• Primark's owner, AB Foods, reports an 11% profit decline in its retail business.
• AB Foods' overall revenue rises despite challenges in the sugar and grocery sectors.
• The report comes before the planned de-merger of Primark.
• AB Foods remains cautious about the future due to the profit decline.
• The revenue increase indicates resilience in the face of market pressures.