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:
Honeywell Flour Mills Plc
of NIGERIA
(2020
sales of 80.45 billion Nigerian Naira [US$210.78 million]
),
Flour Mills of Nigeria Plc
of NIGERIA
(573.77 billion Nigerian Naira [US$1.50 billion]
of which 62%
was Food), and
Astral Foods Limited
(14.10 billion South African Rands [US$927.64 million]
).
Sales Analysis.
AVI Limited reported sales of 13.21 billion South African Rands (US$868.80 million)
for the
fiscal
year ending
June of 2020.
This
represents
a very small
increase of 0.4%
versus 2019, when the company's sales were 13.15 billion South African Rands.
Despite this increase, sales are still
slightly
below the level achieved in 2018, when AVI Limited
reported sales of 13.44 billion South African Rands.
Sales of Food and Beverage Brands - Snackworks saw an increase
that was more than double the company's growth rate: sales were up
12.2% in 2020, from
3.89 billion South African Rands to 4.37 billion South African Rands.
AVI Limited also saw significant increases in sales in
Food and Beverage Brands - Entyce (up 0.7% to 3.85 billion South African Rands)
and
Fashion Brands - Personal Care (up 7.3% to 1.19 billion South African Rands)
.
Not all segments of AVI Limited experienced an increase in sales in 2020:
sales of Fashion Brands - Footwear and Apparel fell 18.9% to 1.48 billion South African Rands.
AVI Limited also experienced decreases in sales in
Food and Beverage Brands - I&j (down 7.2% to 2.33 billion South African Rands)
.