a wee dram
CHRIS GILMOUR: Even AVI is now suffering like the rest of us
CEO Simon Crutchley says the low-demand economy is behind annual headline earnings decline
By common consent in the investment industry, AVI is the best-run food company on the JSE. But this current grinding downturn has eventually affected this star performer, resulting in headline earnings per share declining by 5% in the year to June 2019.
“The overriding feature of these results is the impact of a low-demand economy,” says CEO Simon Crutchley.