
AVI FORECASTS HIGHER PROFITS
AVI yesterday said it expected HEPS for total operations to increase by 30% to 194.4c in the HY to end-Dec., up from 149.9c y/y. HEPS for continuing operations are expected to rise by 31.5% to 194.4c, up from 147.8c y/y. EPS for continuing operations were seen to be up 36% at 195.1c, from 143.5c y/y. AVI said EPS for total operations were anticipated to rise by 38.2% to 200.8c, compared with 145.3c y/y. AVI said comparative numbers for continuing operations in the period under review had been restated to exclude DENNY's results in line with the disclosure adopted for the year to end-Jun. 2011, and the subsequent disposal of DENNY with effect from Jul. 14, 2011. Interim results will be published on Mar. 12. This news brief represents a summary of the original article.







