Share

AECI sees fall in full-year earnings

Johannesburg - Chemicals and explosives manufacturer AECI [JSE:AFE] expects full-year earnings to fall by more than 20% due to the impact of strikes in the mining and transport sectors.

AECI, which services mining companies and factories in South Africa and internationally, said earnings would also take a hit from extra charges and shares issued in connection with a Black Economic Empowerment deal.

More precise earnings forecasts would be released in due course, it said.

Shares in the company were down 2.59% to R75.49 by 07:02 GMT, compared with a 0.4% fall in the JSE All Share [JSE:J203] index.


* Follow Fin24 on Twitter and Facebook

 
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.97
-0.2%
Rand - Pound
24.09
+0.1%
Rand - Euro
20.61
-0.1%
Rand - Aus dollar
12.37
+0.4%
Rand - Yen
0.13
+0.6%
Platinum
906.50
-1.8%
Palladium
1,010.52
+0.4%
Gold
2,155.30
-0.2%
Silver
24.97
-0.3%
Brent Crude
86.89
+1.8%
Top 40
66,018
-0.4%
All Share
72,192
-0.3%
Resource 10
53,225
-0.2%
Industrial 25
99,730
-0.7%
Financial 15
16,631
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders