AEEI chief executive Khalid Abdulla. Picture: Independent Media
Durban – African Equity Empowerment Investments (AEEI) released a trading update on Monday informing its shareholders that it expected basic earnings per share for the six months to end February 2017 to be between 28.08 cents and 30.88c a share.

This is up from the 14.04c reported in 2016.

This will represent an increase of between 100 percent and 120 percent.

The company also expects a better improvement in the headline earnings per share (Heps).

It said its Heps for the period was expected to fall in the range of between 28.13c a share and 30.93c a share as compared to the 14.02c reported in the last corresponding period.

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The company will release the interim results on or about May 11.

BUSINESS REPORT