Explosives and chemicals group AECI expects a fall in headline earnings per share (HEPS) for the year to end-December, though its earnings per share are expected to be higher.

The group said in a trading statement on Monday that its full-year HEPS are expected to be 7%-16% lower at R10.77-R11.99. The drop reflects the effect of increased finance costs, driven by interest rate rises and short-term funding to accommodate increased working capital levels during the year to support revenue growth...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.