Five Roses tea parent company AVI warns HEPS under pressure
The company says SA's trading environment remains difficult with weak consumer spending constraining sales
23 January 2020 - 20:14
Listed consumer goods company AVI said on Thursday that group revenue for the six months to end-December 2019 grew 1% compared with the same period in 2018, but headline earnings per share (HEPS) could be down between 3% and 5%.
Consolidated HEPS for the half-year to end-December are expected to decrease by between 3% and 5% over the period, translating into a decrease from 2018’s 305.5c of between 290c and 296c per share...
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