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AVI diluted EPS 96.9c vs 95c
Food processor AVI reported on Thursday, 6 March 2008, an increase of 2% in its diluted earnings per share for the six months ended 31 December 2007 to 96.9 cents.
The interim dividend was up 10% to 33 cents per share.
Operating profit lifted 12% to 459 million rand from revenue growth of 10% to 3.6 billion rand.
The company said electricity interruptions have not had a material impact on operating performance to date.
“While it appears likely that trading conditions for the second semester will be more difficult than those experienced in the prior year, we remain confident that AVI's strong brand portfolio, combined with planned efficiency and product initiatives will underpin AVI's ability to sustain earnings growth over the medium term,” concluded the company.
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