South African consumer goods group AVI has reported a 12% rise in first-half revenues, with "contextually pleasing volume growth" across most of its grocery businesses.
South African FMCG group AVI has grown full-year sales and earnings despite constrained consumer spending in the country, increasing competition and rising input costs.
Improved sales and profits from AVI's food operations have helped the South African conglomerate AVI increase its annual earnings.
Falling sales and profits from food and drink has weighed on annual profits at South African conglomerate AVI.
South African consumer goods group Tiger Brands has posted an 8% increase in first-half earnings today (19 May) but forecast “modest” growth in full-year profits.
Israeli food maker Strauss Group has appointed Zion Balans as president and CEO of its domestic unit.
Israeli food maker Strauss Group has promoted Gadi Lesin, chief of its domestic business, as president and chief executive of the company.
South African food group AVI has played down reports that it is open to takeover bids after the failure of Tiger Brands’ approach last week.
South Africa’s second-largest food company, AVI, posted a 19% jump in profits from continuing operations during its first half, as it reaped the benefit from price rises.
South African consumer goods group Tiger Brands has abandoned plans to buy local rival AVI.
South African consumer goods group Tiger Brands has said that its trading performance for the first four months of the year has been in line with expectations, reflecting a general slowdown in demand.
South African consumer goods group Tiger Brands has made a fresh move to acquire local rival AVI.
South African consumer goods group Tiger Brands has remained silent on reports it is continuing to pursue its proposed offer for smaller rival AVI, despite AVI’s board rebuffing the proposal.
South Africa’s largest food and consumer goods company Tiger Brands has unveiled a “pleasing” set of full-year results, with a pension-fund surplus boosting annual profits.
South African consumer goods group Tiger Brands has indicated that it is considering making a move to acquire local rival AVI.
AVI, the South African consumer goods group, has reported an 18% rise in first-quarter revenue but admitted that commodity costs are squeezing margins.
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