Group revenue rose 31% in the firm's half-year to end-June, but profit climbed only 8%, with the conflict hitting demand for agrochemicals
Chemicals and explosives group AECI says elevated commodity prices helped revenue climb almost a third in its half-year to end-June, but profit growth was more sedate, after the war in Ukraine severely hit demand for agrochemicals there and pushed up costs.
Group revenue rose 31% to a record R15.5bn to end-June, and headline profit 8.2% to R605m, with AECI also deciding not to write down its Schirm business, which has production sites in Germany, despite pressure from the conflict...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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