March 12, 2018 / 5:15 AM / 5 months ago

BRIEF-AVI Ltd Says HY Headline Earnings Per Share Up 7.5 Pct To 325.6 Cents​

March 12 (Reuters) - AVI Ltd:

* HY ‍CAPITAL EXPENDITURE OF R193,2 MILLION

* “‍TRADING ENVIRONMENT IS EXPECTED TO REMAIN DIFFICULT THROUGH SECOND SEMESTER AND INTO NEXT FINANCIAL YEAR.”​

* WILL CONTINUE TO REVIEW ORGANISATIONAL STRUCTURES AND FIXED OVERHEAD COSTS TO IMPROVE OPERATIONAL EFFECTIVENESS AND REDUCE COST BASE​

* ‍PROJECTS TO PROVIDE ALTERNATIVE WATER SUPPLY TO GROUP’S CAPE TOWN OPERATIONS WILL BE COMMISSIONED IN MARCH 2018.​ Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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