AECI (JSE:AFE) First Half 2024 Results
Key Financial Results
- Revenue: R17.6b (down 4.5% from 1H 2023).
- Net income: R246.0m (down 61% from 1H 2023).
- Profit margin: 1.4% (down from 3.4% in 1H 2023). The decrease in margin was driven by lower revenue.
- EPS: R2.33 (down from R6.00 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AECI Earnings Insights
Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Chemicals industry in Africa.
Performance of the market in South Africa.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on AECI's balance sheet.
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About JSE:AFE
AECI
Provides products and services for mining, water treatment, plant and animal health, food and beverage, infrastructure, and general industrial sectors in South Africa, rest of the African continent, Europe, Asia, North America, South America, and Australia.
Flawless balance sheet and good value.
