AVI’s CONSUMER brands businesses faced ports and load shedding challenges, but would likely lift consolidated headline earnings per share by between 16% to 18% for the six months to December 31, 2023.
The group, which has brands in hot beverages, sweet and savoury biscuits, frozen convenience foods, personal care products, cosmetics, footwear, accessories and fashion apparel, said yesterday in an update that headline earnings per share would be between 369.9 cents and 376.3c, compared with 318.9c in the interim period a year before.
Food & Beverage Brands revenue increased 8.9% to R6.67 billion. Entyce Beverages increased revenue 16% to R2.42bn. Snackworks revenue was up 9.8% to R3.1bn. I&J’s revenue fell 5.1% to R1.15bn.
Fashion brands revenue was up 0.5% to R1.70bn, while revenue in the Personal Care division…