AVI Ltd 2024 IR
The report highlights AVI Limited's resilient performance for the fiscal year ended June 30, 2024, despite challenging economic conditions, constrained consumer demand, and municipal infrastructure failures. Group revenue increased by 6.3% to R15.86 billion, driven by selling price increases and volume growth in key categories like tea, coffee, and creamer. Operating profit rose by 21.7% to R3.30 billion, with gross profit margins recovering to pre-COVID levels due to effective hedging and cost controls. The company successfully implemented a new BBBEE transaction for I&J, with Twincitiesworld acquiring an 18.75% interest. Additionally, AVI declared a final ordinary dividend of 388 cents per share and a special dividend of 280 cents per share, reflecting strong cash generation.
Company: AVI Ltd
Sector: Consumer Staples
Country: South Africa
Year: 2024
Type: IR
Pages: 200
AVI Ltd
Integrated Annual Report
The report highlights AVI Limited's resilient performance for the fiscal year ended June 30, 2024, despite challenging economic conditions, constrained consumer demand, and municipal infrastructure failures. Group revenue increased by 6.3% to R15.86 billion, driven by selling price increases and volume growth in key categories like tea, coffee, and creamer. Operating profit rose by 21.7% to R3.30 billion, with gross profit margins recovering to pre-COVID levels due to effective hedging and cost controls. The company successfully implemented a new BBBEE transaction for I&J, with Twincitiesworld acquiring an 18.75% interest. Additionally, AVI declared a final ordinary dividend of 388 cents per share and a special dividend of 280 cents per share, reflecting strong cash generation.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2024
Reporting Period
Jul 1, 2023 - Jun 30, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Water Consumption
Workplace Fatalities
Employees