AVI Limited operates in the Bread, cake, and related products sector.
In addition to historical fundamental analyses, the complete report available to purchase compares AVI Limited with three other
bakery and confectionary companies in Africa:
Flour Mills of Nigeria Plc
of Nigeria
(2019
sales of 527.40 billion Naira [US$1.72 billion]
of which 64%
was Food),
Honeywell Flour Mills Plc
of Nigeria
(74.41 billion Naira [US$242.57 million]
), and
Northern Nigeria Flour Mills Ltd
which is
also
based in Nigeria
(4.15 billion Naira [US$13.53 million]
).
Sales Analysis.
AVI Limited reported sales of 13.15 billion South African Rands (US$888.21 million)
for the
fiscal
year ending
June of 2019.
This
represents
a
decrease of 2.1%
versus 2018, when the company's sales were 13.44 billion South African Rands.
Contributing to the drop in overall sales was the 7.4% decline
in Fashion Brands - Footwear and Apparel, from 1.96 billion South African Rands to 1.82 billion South African Rands.
There were also decreases in sales in
Food and Beverage Brands - Snackworks (down 1.8% to 3.89 billion South African Rands)
and
Food and Beverage Brands - Entyce (down 0.3% to 3.82 billion South African Rands)
and
Fashion Brands - Personal Care (down 6.7% to 1.11 billion South African Rands)
.
However, these declines were partially offset by the increase in sales of
Food and Beverage Brands - I&j (up 0.8% to 2.51 billion South African Rands)
.