Company Data
| Last traded |
R90.43 |
| Change |
R2.43 |
| % Change |
2.76% |
| Cumulative volume |
12,899 |
| Market cap |
R11.60bn |
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Johannesburg –
AECI [JSE:AFE] on Wednesday said it expected headline earnings per share and earnings per share for the six months to June 30, 2010 to be at least 20% higher than those achieved for the first half of 2009.
The group's principal activities are carried out through its Specialty Chemicals, Mining Solutions and Property divisions.
"AECI's customers in the core business sectors of mining and manufacturing experienced an extremely turbulent trading environment in 2009, especially in the first six months as the global economic crisis took its toll. It was only towards year-end that volumes began a modest recovery, particularly in mining, and commodity prices began to increase," the group said.
It added that an improvement in trading conditions had continued into 2010, although volumes were not yet at pre-crisis levels. "The current rand/dollar exchange rate also continues to be a concern in the recovery of South Africa's manufacturing sector and its exports," AECI said.
The group noted that an additional trading statement providing further guidance to shareholders would be issued prior to the publication of its
interim financial results on July 28.
- I-Net Bridge