WATCH: How AECI’s profits fell, despite higher revenue
AECI CEO Mark Dytor talks to Business Day TV about the company’s interim results
Chemicals and explosives group AECI released its interim results on Wednesday, delivering a 14% rise in revenue, underpinned by contributions from acquisitions finalised in 2018.
But costly restructuring projects in its mining and water divisions have weighed on its earnings, resulting in a 20% fall in headline earnings per share. ..