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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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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 with moderate growth potential.
