AECI share price dips following lacklustre six-month performance

JSE-listed chemicals company AECI recorded a near 13% drop in its share price on the JSE on July 24 after issuing a trading statement wherein it advised shareholders to expect a 59% to 64% drop in earnings per share (EPS) for the six months ended June 30. This will result in an expected EPS of between 246c and 215c for the period, compared with EPS of 600c in first half of the 2023 financial year.