AECI will pay interim dividend despite uncertainty over manufacturing sector
The group had deferred a R448m dividend due to Covid-19 but expects cash generation to pick up in the second half of 2020
29 July 2020 - 12:42
Chemicals and explosives group AECI is proceeding with a R110m interim dividend payment, albeit a “conservative one”, as it braces for further fallout from the Covid-19 pandemic for SA’s manufacturing and mining sectors.
AECI remains deeply concerned about the outlook for SA’s economy, CEO Mark Dytor said on Wednesday, but the group is pleased with how it has managed its cash over the past six months...
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