BRIEF-African Equity Empowerment Investments Says FY HEPS 91.16c

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BRIEF-African Equity Empowerment Investments Says FY HEPS 91.16c
Credit: © Reuters.

Dec 23 (Reuters) - African Equity Empowerment Investments Ltd AEEJ.J :

* JSE: AEE - SHORT FORM ANNOUNCEMENT - REVIEWED CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 AUGUST 2019 AND DIVIDEND DECLARATION

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS LTD - FY HEADLINE EARNINGS PER SHARE INCREASED BY 276% FROM 24.24C TO 91.16C

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS LTD - FY REVENUE INCREASED BY 243% TO R2,4BN

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS - GROSS FINAL DIVIDEND OF 6 CENTS PER SHARE, EQUATES TO TOTAL DIVIDEND OF 17 CENTS FOR 2019 FINANCIAL YEAR

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS LTD - FY NET ASSET VALUE PER SHARE INCREASED BY 12% TO 1294.69C

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS LTD - FY NORMALIZED HEADLINE PER SHARE INCREASED BY 300% TO 100.22C

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS - DUE TO CO REGAINING CONTROL OVER AYO, INCURRED ONCE-OFF ACCOUNTING LOSS OF 2.4BN RAND IN CURRENT YEAR

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS - HAS FIRMED UP ITS ACQUISITION PIPELINE FOR BOTH FISHING AND BRANDS AND TECHNOLOGY DIVISIONS

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