AVI Limited reports earnings growth, declares interim dividend

AVI Limited (JSE:AVI) has released its results for the six months ended December 31, 2024, reporting a 1.1% increase in revenue. Despite a constrained consumer environment and challenges within its fashion retail portfolio due to supplier and supply chain issues, the company achieved a 4.6% rise in gross profit and an 8.9% increase in operating profit. Headline earnings per share rose by 8.9% to 407.5 cents.