AVI shares jump 8% as investors cheer trading update
AVI says its consolidated HEPS will rise to R3.70-R3.76 in the six months ended December
Consumer goods group AVI expects first-half profit to have risen as much as 18% despite many sector-wide challenges, including load-shedding and the costs that come with it to keep the businesses running.
Its shares jumped more than 8%, the most since September 2021, to trade at R84.84 by late Tuesday morning, giving it a market cap of R28.7bn. By market close, the share price had pulled back a bit to close 5% higher...
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