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AVI earnings seen up 30% to 194.4c

31 Jan 2012

Consumer goods group AVI announced on Tuesday, 31 January, that it expected headline earnings per share for total operations in the six months to December 2011 to increase by 30% to 194.4 cents, from 149.9 cents a year ago.

Headline earnings per share for continuing operations are expected to rise by 31.5% to 194.4 cents, from 147.8 cents in the previous corresponding period.

The group said earnings per share for continuing operations were expected to be up by 36% to 195.1 cents, from 143.5 cents a year earlier.

Earnings per share for total operations were anticipated to be up 38.2% to 200.8 cents compared with 145.3 cents previously.

AVI said comparative numbers for continuing operations in the period under review had been 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 14 July 2011.

The interim results are expected on 12 March.

Source: I-Net Bridge

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