Get to know your JSE companies: AECI LTD (JSE: AFE)

 

AECI released its financial results for the half-year ended 30 June 2020. Revenue decreased by 6% from R11.97 billion (1H2019) to R11.3 billion. Of the group’s total revenue, 48% is attributed to foreign and export revenue. Foreign and export revenue of R5.4 billion (1H2019: R4.97 billion) was generated during 1H2020. The company reported a decline of 32% in profit from operations, from R826 million (1H2019) to R558 million.

AECI is currently is trading at a forward PE of 8.34 and a dividend yield of 6.21%. AECI declared an interim dividend of 100 cents for the period.

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