An increase in mining explosives sales volumes in Southern Africa, Central Africa and Asia Pacific has helped to keep JSE-listed chemicals group AECI’s revenue and earnings in the nine months to September 30 on par with the same period of last year.
The group’s Mining division has recorded a 30% increase in earnings before interest and taxes (Ebit) in the period to R1.6-billion, which offset year-on-year decreases of 2% and 23% in Ebit for the Water and Agri Health divisions, respectively.