Profit warning from S Africa’s AVI
South African consumer goods group AVI has warned its full-year earnings are expected to be down more than 10% after problems at seafood arm I&J.
AVI
South Africa’s AVI sells stake in Aussie seafood JV
South African consumer goods group AVI has sold its 40% stake in an Australian seafood and snacks joint venture.
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just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.
SOUTH AFRICA: AVI sees “solid” FY in “challenging” conditions
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.
SOUTH AFRICA: Food profits boost AVI earnings
Improved sales and profits from AVI's food operations have helped the South African conglomerate AVI increase its annual earnings.
SOUTH AFRICA: AVI posts falling food sales, profits
Falling sales and profits from food and drink has weighed on annual profits at South African conglomerate AVI. The company yesterday (6 September) booked a 7.8% drop in net profit…
S AFRICA: Tiger earnings up, expects “modest” FY earnings
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. For the six months ended 31 March,…
ISRAEL: Strauss appoints CEO for Israel division
Israeli food maker Strauss Group has appointed Zion Balans as president and CEO of its domestic unit. Balas will assume his role on 15 June and follows the recent appointment…
ISRAEL: Strauss appoints new CEO
Israeli food maker Strauss Group has promoted Gadi Lesin, chief of its domestic business, as president and chief executive of the company. The appointment will come into effect in September…
UPDATE: S AFRICA: AVI plays down prospect of sale
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. Tiger walked away from its…
S AFRICA: Pricing drives AVI H1
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. Net income rose…
