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AVI consolidated interim earnings to be up 20%-30%

14 Dec 2011

Food group AVI said on Tuesday that consolidated headline earnings per share for the continuing operations of the group for the six months ending December 2011 are expected to increase by between 20% and 30% over the comparable period in the prior year.

Consolidated earnings per share for the continuing operations for the half-year, including capital gains and losses on the disposal of assets, are expected to increase by between 22% and 32% over the comparable period in the prior year.

Consolidated headline earnings per share for the total operations of the group for the six months are expected to increase by between 17% and 27% and consolidated earnings per share for the total operations of the group, including capital gains and losses on the disposal of assets, are expected to increase by between 25% and 35% over the comparable period in the prior year.

"Comparative numbers for continuing operations for the six months ended 31 December 2010 will be restated to exclude Denny's results in line with the disclosure adopted for the year ended 30 June 2011 and subsequent disposal of Denny with effect from 1 July 2011, AVI stated in a trading update.

It is expected that AVI will release its interim results for the six months ending 31 December 2011 on or about 12 March 2012.

Source: I-Net Bridge

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