AECI Ltd (GB:87FZ) has released an update.
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AECI Ltd reports a challenging first half in 2024 with a 4% decrease in revenue and substantial declines in EBITDA and profits from operations, as well as not declaring an interim dividend. The company is undergoing a strategic transition aimed at doubling core business profitability by 2026 and is making progress on key milestones, including executive leadership changes and organizational restructuring. Despite current financial headwinds, AECI Ltd is focused on operational efficiencies and long-term sustainable growth, with no fatalities in safety performance and improvements in environmental metrics.
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