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South African food producer AVI grew its revenue by 8.2% in the year to the end of June, it has announced.

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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.

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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.

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Improved sales and profits from AVI's food operations have helped the South African conglomerate AVI increase its annual earnings.

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Falling sales and profits from food and drink has weighed on annual profits at South African conglomerate AVI.

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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.

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Israeli food maker Strauss Group has appointed Zion Balans as president and CEO of its domestic unit.

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Israeli food maker Strauss Group has promoted Gadi Lesin, chief of its domestic business, as president and chief executive of the company.

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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.

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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.

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South African consumer goods group Tiger Brands has abandoned plans to buy local rival AVI.

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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.

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South African consumer goods group Tiger Brands has made a fresh move to acquire local rival AVI.

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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.

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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.

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South African consumer goods group Tiger Brands has indicated that it is considering making a move to acquire local rival AVI.

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AVI, the South African consumer goods group, has reported an 18% rise in first-quarter revenue but admitted that commodity costs are squeezing margins.