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.