Earnings a share and headline earnings a share of AECI would both climb by more than 20 percent for the year to December compared with the previous year, the explosives and speciality chemicals company said yesterday. Last month it secured R1 billion for the sale of the greater part of its Modderfontein land, which is still subject to Competition Commission approval. The land is set to be developed as the “New York of Africa” by Chinese buyer Shanghai Zendai. In July AECI reported that revenue gained 13 percent in the six months to June. Chief executive Mark Dytor said previously the company was planning to expand into the rest of Africa and had also begun operating in parts of South America. Shares fell 0.03 percent to R118.70.