AECI realignment projects offer long-term benefits

As a result of the strategic realignment projects completed by it in June, JSE-listed explosives and specialty chemicals group AECI expects to report a 22% year-on-year decrease in headline earnings per share (HEPS) for the six months ended June 30.

HEPS were likely to be between 357c and 376c apiece, compared with the 458c reported for the six months ended June 30, 2018.