AECI Ltd (GB:87FZ) has released an update.
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AECI Ltd, a diversified chemicals solutions company, expects a decrease in earnings per share by 59% to 64% for the first half of 2024, due to one-off operational costs and a higher effective tax rate. The company remains optimistic for the full year, anticipating stronger performance and reduced one-off costs in the second half. Additionally, AECI announced the sale of its Animal Health business to Nutreco International B.V., which aligns with its strategy to double the profitability of its core business by 2026.
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