Published 9 May 2019, by Sizwe Dlamini
CAPE TOWN – JSE-listed African Equity Empowerment Investments (AEEI) on Thursday announced a 31 percent increase in revenue from R604 million to R792m.
This was revealed by the company in its interim results for the six months to February, where it stated that profit after tax for the period increased by 246 percent from R158m to R546m.
The group attributed its performance to strong contributions from all its divisions, with a combination of organic and acquisitive growth, especially in the fishing and brands and technology divisions.
AEEI said in its statement: “The consistent increase in earnings and asset growth during a period of ongoing economic volatility demonstrates the Group’s efficient and effective business model during challenging market conditions.”
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