One-off items impact AECI’s top-line performance in FY16

JSE-listed AECI on Tuesday said its core operating segments, explosives and specialty chemicals, have delivered “commendable” performances in 2016, despite a difficult domestic and global trading environment. Group revenue grew by 1% year-on-year to R18.6-billion for the 12 months to December 31, with 35% of revenue generated outside South Africa. Headline earnings, however, fell by 13% to R864-million, while headline earnings per share (HEPS) were down 9% to 818c.