AECI posts lower profits despite higher revenue

Chemicals and explosives group, AECI realesed its interim results on Wednesday, delivering a 14% rise in revenue. This was underpinned by contributions for the full period from the acquisitions finalised in 2018. However costly restructuring projects in its mining and water divisions have weighed on its earnings, resulting in a 20% fall in headline earnings per share. Business Day TV caught up with the company's CEO Mark Dytor to discuss its numbers in detail
Loading player...