LISTEN: AEEI maintains positive growth trajectory
IOL / COMPANIES / 13 NOVEMBER 2018 - 12:56 / SIZWE DLAMINI
CAPE TOWN – Majority black-owned and black-controlled investment holding company African Equity Empowerment Investments (AEEI) remained on a positive trajectory, delivering sterling annual results with revenue rising 22 percent to R701 million.
The company said in a statement on Monday that the consistent increase in earnings and asset growth during a period of ongoing economic and macro-environmental volatility, clearly demonstrated it’s efficient and resilient business model.
AEEI chief executive Khalid Abdulla. Photo: Henk Kruger/African News Agency (ANA)
AEEI’s group chief executive Khalid Abdulla, who presented the results at the Radison Blu Hotel in Cape Town on Monday, said the company intended to continue on improving its financial performance, while driving sustainable returns for its stakeholders.
“We have been fortunate to meet our annual our targets as set out in the Group’s Vision 2020 Vision strategy, which is in partly due to the commitment and dedication of our highly skilled and experienced teams throughout the business,” said Abdulla.
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