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AVI NEWS ON FASTMOVING

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AVI earnings slip as consumer spending remains constrained

AVI earnings slip as consumer spending remains constrained

09/09/2019 - 09:33
Consumer goods group AVI, whose brands include footwear retailer Spitz and Five Roses tea, trimmed its final dividend 4% in the year to end-June as it continued to feel the pinch from a constrained consumer environment. read more
AVI hit by constrained consumer spending

AVI hit by constrained consumer spending

13/03/2019 - 12:42
Food and beverage company AVI Limited felt the pinch of constrained consumer spending as income from its shoe brands Green Cross and Spitz slid in the half year to December, resulting in revenue in the footwear and apparel category declining by 9.2 percent to R1.14billion. read more
Spitz owner AVI says footwear sales walked all over its results

Spitz owner AVI says footwear sales walked all over its results

12/03/2019 - 10:27
AVI, whose brands include Bakers biscuits and seafood business I&J, said on its footwear businesses struggled the most in the six months ended December. read more
Shares in Five Roses owner plummet after dismal trading update

Shares in Five Roses owner plummet after dismal trading update

28/01/2019 - 08:56
Fast moving consumer goods group AVI warned shareholders that its interim sales were flat and its headline earnings would decline by up to 7%. read more
AVI aims to resole Green Cross

AVI aims to resole Green Cross

13/03/2018 - 08:11
Consumer brands giant AVI, which performed commendably in the half-year to end-December, is determined to reboot its footwear division. read more
AVI expects stronger rand to lift earnings

AVI expects stronger rand to lift earnings

24/01/2018 - 08:20
Consumer brands group AVI expects a rise in half-year earnings lifted by a stronger rand read more
AVI shares jump on news of possible asset sales

AVI shares jump on news of possible asset sales

27/10/2017 - 08:48
Fast-moving consumer goods group AVI’s share price rose 4% to R98.45 on Thursday morning, after AVI announced the potential sale of some of its businesses. read more
AVI’s full-year HEPS rise in line with guidance

AVI’s full-year HEPS rise in line with guidance

11/09/2017 - 11:17
Food producer AVI has reported a 9.4% rise in full-year headline earnings per share (HEPS) to R5.08, which was in line with its recent guidance. read more
AVI grows full-year revenue after lifting prices

AVI grows full-year revenue after lifting prices

25/07/2017 - 12:17
Food producer AVI grew its revenue 8.2% in the year to June, after increasing selling prices to mitigate against the effect of a weaker rand, which inflated input costs. read more
Rooibos helps AVI brew up solid results

Rooibos helps AVI brew up solid results

07/03/2017 - 08:29
Groceries fare well but Green Cross is still struggling read more
AVI expects positive HEPS figure despite tough trading conditions

AVI expects positive HEPS figure despite tough trading conditions

24/01/2017 - 16:53
Fast-moving consumer goods group AVI expects its headline earnings per share (HEPS) for the six months to end-December to have grown up to 9%. read more
AVI improves its margins in the face of rising costs

AVI improves its margins in the face of rising costs

12/09/2016 - 12:26
CURRENCY hedges and a focus on cost containment helped consumer brands group AVI limit the damage of rand weakness in the year to June and continue to improve its profit margins. read more
Hedging policy helps AVI grow earnings

Hedging policy helps AVI grow earnings

14/03/2016 - 09:46
Diversified consumer brands company AVI is looking beyond the economic slump, and has almost tripled its war chest by raising its debt facilities to R1.5bn. read more
Diversity is AVI’s strength as profit weathers storms

Diversity is AVI’s strength as profit weathers storms

27/01/2016 - 14:54
Consumer brands group AVI is set to report consistent profit growth in the first half of its financial year, despite the marked deterioration in the economy and household spending over the period. read more
AVI fishes for profit with R900m bait

AVI fishes for profit with R900m bait

09/09/2015 - 08:06
Consumer goods company AVI plans to spend an additional R900m in the 2016 financial year on improving efficiency in its operations, particularly the I&J fishing business where profits declined in the past year. read more
AVI sales performance ‘sound in tough trading environment’

AVI sales performance ‘sound in tough trading environment’

22/07/2015 - 09:29
AVI’s headline earnings per share are expected to increase by between 9% and 10% to between 418c and 422c in the year ended June 30 2015 from the previous year’s 383.6c, the consumer products company said in a voluntary trading update on Tuesday. read more
Fuel-hedging strategy sees AVI profit curbed

Fuel-hedging strategy sees AVI profit curbed

27/01/2015 - 09:44
A 19.2% spike in interim sales from AVI’s hake fishing business was tempered at profit level by losses on fuel hedges, as the group’s oil hedging strategy means it missed a halving of oil prices during its six months through December. read more
AVI’s group revenue up despite consumer constraints

AVI’s group revenue up despite consumer constraints

04/11/2014 - 09:12
Despite the constrained consumer environment, demand for AVI’s brands was sound, chair Gavin Tipper said at the group’s annual general meeting on Thursday. read more
AVI weathers rising input costs

AVI weathers rising input costs

10/09/2014 - 13:58
Branded consumer products group AVI’s headline earnings per share (HEPS) from continuing operations for the year ended June 30 lifted 12.2% to 384c, the company reported on Monday. read more
Food producers’ stocks return to favour

Food producers’ stocks return to favour

16/07/2014 - 11:35
Food producer stocks have made a strong run since late February, with sector giant Tiger Brands being among the largest gainers despite some negative announcements. read more
AVI lifts headline earnings 8%

AVI lifts headline earnings 8%

12/03/2013 - 08:05
Johannesburg - Consumer goods group AVI [JSE:AVI] has reported an 8% rise in headline earnings per share to 210c in the six months ended December 2012‚ from 194.2c a year ago.  read more
AVI ups revenue to R4.8bn

AVI ups revenue to R4.8bn

16/01/2013 - 07:30
Johannesburg - AVI [JSE:AVI] revenue for the six months ended December was up 10.7% to R4.887bn‚ the company said on Tuesday.  read more
Green Cross now in AVI stable

Green Cross now in AVI stable

30/07/2012 - 08:10
Johannesburg – Consumer group AVI [JSE:AVI] says all outstanding conditions for the acquisition of Green Cross Manufacturers‚ Green Cross Retail Holdings and Green Cross properties have been fulfilled and the closing date for the transaction is Friday 27 July. read more
AVI forecasts higher profits

AVI forecasts higher profits

22/06/2012 - 07:51
Consumer goods group AVI advised on Thursday that consolidated headline earnings per share for the group’s continuing operations for the year ending 30 June 2012 are expected to increase by between 24% and 31% over the prior year. read more
AVI profits increase

AVI profits increase

13/03/2012 - 08:56
Consumer group AVI (AVI) on Monday posted a 30% jump in diluted headline earnings per share from continuing operations to 187 cents in the six months ended December 2011, from 143.3 cents a year earlier.  read more
AVI ups revenue, eyes festive season

AVI ups revenue, eyes festive season

02/11/2011 - 10:06
Johannesburg - Industrial group AVI's group revenue for the quarter ended September 2011 was 10.9% higher than the same period in the prior year, largely due to improved sales volumes in most of its key units. read more
AVI sells Denny Mushrooms

AVI sells Denny Mushrooms

13/07/2011 - 10:53
Johannesburg - Food group AVI will sell 100% of the issued share capital of and AVI's shareholder claims against Denny Mushrooms to Blue Falcon 134 Trading. read more
AVI sees earnings rise of at least 23%

AVI sees earnings rise of at least 23%

23/06/2011 - 12:00
Johannesburg - Consumer group AVI expects consolidated headline earnings per share for the year to June to increase by between 23% and 33%, compared with the previous year.  read more