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AECI's annual profit up more than 60%

5:35 AM MST | February 27, 2014 | Francinia Protti-Alvarez

AECI (Johannesburg) achieved 954 million South African rand ($88.6 million) in profit for the whole of 2013, up about 62% on the rand589 million restated profit reported for 2012. Pretax profit for the year was rand1.27 billion, more than 41% higher than the previous year's restated pretax profit. Sales generated during 2013 amounted to rand15.91 billion, up more than 15%. Quarterly figures were not disclosed. "AECI produced commendable results in 2013 in an environment where trading and market conditions remained challenging," the company says...

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