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Bulk land sale boosts AECI’s earnings to 6% a share

Explosives and specialty chemicals company AECI’s headline earnings per share (HEPS) rose 6% to 894c for the year ended December 31, owing to benefits gained from the company’s bulk property sale in Somerset West in June 2015, which contributed 230c to the HEPS. Speaking at the company’s results presentation on Tuesday, CEO Mark Dytor highlighted the group’s view to increase the foreign revenue and move into additional geographies.