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AVI stock surges on trading update
AVI, which owns brands such as Five Roses, Frisco and Spitz, said it expected headline earnings per share for total operations in the six months to December 2011 to increase by 30% to 194.4 cents, from 149.9 cents a year ago.
Headline earnings per share for continuing operations are expected to rise by 31.5% to 194.4 cents, from 147.8 cents in the previous corresponding period.
At 11:47, the stock was up R1.40 or 3.50% to R41.40, off its intraday best level of R41.57.
The interim results are expected on 12 March.
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za