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AVI trading statement

AVI stuck out a trading update this morning. All divisions did pretty well, other than their smallest, the personal care division, as per the release: "revenue declined following the revision of trading terms with Coty". Sales for the six months to end December topped 6 billion Rand, an increase of 11.1 percent. Consolidated headline earnings per share is expected to show an increase of between 8 to 11 percent, 249 to 256 cents per share for the six months. AVI results are expected on the 9th of March. The stock is down over one and one quarter of a percent, relative to a market which is marginally higher.


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