AECI reports profit pressure as mining output and ammonia prices fall

Diversified explosive and chemicals group AECI says lower ammonia prices and sales volumes in the SA market, with a drop in domestic mining production, caused a double-digit drop in earnings for the 10 months to end-October.

Despite the challenging operating environment, AECI remains confident that it can achieve its strategic objective of doubling the profitability of its core business by 2026 through its planned restructuring and concurrent divestitures...

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