AVI Ltd has posted a 9% rise in first-half headline earnings per share from continuing operations and forecast tough trading conditions ahead.
The company said headline EPS — the main profit gauge in South Africa and strip out certain one-off, financial and non-trading items — rose to 112 cents per share.
AVI declared an interim dividend of 39 cents, showing an 8,3% increase.
The company said tough trading conditions would prevail in the second half with consumers likely to remain cautious with spending for sometime
AVI said its unit I&J was unable to find a credible prospective buyer for its Argentinean hake and shrimp business conducted by Alpesca.
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