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S.Africa's AECI Sees Stronger First-half Earnings |
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Posted 12 June 2006 @ 12:13 pm EET |
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JOHANNESBURG (Reuters) - South African chemicals and explosives firm AECI expected first-half headline earnings per share to increase by up to 106 percent, the firm said on Monday.
AECI said in a trading statement that it expects headline EPS -- which excludes non-trading, capital and some extraordinary items -- and attributable earnings per share for the six months to end-June to be between 365-400 cents.
It said the reason for the expected earnings increase was a substantial gain in disposing of industrial land it owned near Cape Town for 260 million rand.
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Reuters 2006. All Rights Reserved.
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