AEEI audited financial results shows excellent growth in revenue and dividends to shareholders
JOHANNESBURG – JSE-listed African Equity Empowerment Investments Limited (AEEI), a diversified investment and empowerment Group, today announced a set of exceptional audited financial results with a record increase in revenue, headline earnings and asset base for the year.
The Group’s audited financial results confirm the delivery of excellent revenue and profit growth resulting from strong contributions from all its underlying investments, with a combination of organic and acquisitive growth. AEEI’s strategy to consistently increase its operations and portfolio is evident by the exceptional growth in Group revenue which increased significantly by 243% from R701 million to R2.4 billion.
Group headline earnings increased by 317% from R119 million to R496 million, with HEPS increasing by 316% from 24.24 cents to 100.89 cents. Net Asset Value (NAV) for the Group grew by 14% from R5.6 billion to R6.4 billion, while net cash generated from operating activities increased by 9% year-on-year from R131 million to R143 million, all of which is in line with the Group’s strategy.
Source: iol.co.za