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AECI reports drop in profit following restructuring

But hopes the second reporting period will improve now that the restructuring process is over.

Diversified South African chemicals and mining explosives company AECI released interim financial results on Wednesday for the six months ended June 2019. The company reported total revenue from operations up 14%. However, the company’s profits from operations were down 9% to R826 million, while Ebitda rose 7% to R1.4 billion. Headline earnings per share declined by 20% to 365 cents.

Read: AECI pins hopes on the second half

Nompu Siziba speaks with Mark Dytor, the chief executive at AECI about the group’s performance.

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