LIVE: AEEI releases its financial year-end results

Published 07 November 2017, by a staff reporter

CAPE TOWN – African Equity Empowerment Investments Limited has reported strong year-end performance, with 111% increase in operating profit.

Highlights

– Profit before tax increased by 136% from R288m to R681m

– Headline earnings per share increased by 120% from 43.13 cents to 94.89 cents

– Earnings per share increased by 120% from 44.09 cents to 97.10 cents

– Operating profit increased by 111% from R310m to R655m

– Net asset value increased by 100% from R1bn to R2bn- Total assets increased by 65% from R1.7bn to R2.8bn

– Revenue increased by 43% from R736m to R1 052m

– Net cash generated from operating activities increased to R80m

– Final dividend declaration of 5.50 cents per share to shareholders

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