AVI Limited announced revenue results for the six months ended 31 December 2016. Group revenue for the first semester of the financial year was 11.6% higher than for the same period in the prior financial year. This growth reflects a combination of price increases in response to a weaker Rand and higher raw material costs, and contextually pleasing volume growth in most of the company's grocery categories.

The company provided earnings guidance for the six months ended 31 December 2016. Consolidated headline earnings per share for the six months ended 31 December 2016 are expected to increase by between 7% and 9% over the comparable period in the prior year, translating into an increase from last year's 281.6 cents to a range between 301 and 307 cents per share. Consolidated earnings per share for the six months ended 31 December 2016, including capital gains and losses, are expected to increase by between 8% and 10% over the comparable period in the prior year, translating into an increase from last year's 279.9 cents to a range between 302 and 308 cents per share.