South African food producer and retailer AVI reports a 17.4% rise in half-year earnings due to price increases amidst increased input costs.

South African food producer and fashion retailer AVI reported a 17.4% rise in half-year earnings, driven by price hikes to counteract rising input costs. Despite constrained consumer demand and supply chain issues, AVI's revenue increased 7.1% to R8.4 billion, with group operating profit rising by 17.1%. The company declared an interim dividend of 202 cents per share, up 17.4% from last year.

March 04, 2024
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