Posted by Kevin Scully
AEI Corporation reported its FY2012 results in February 2013. I am only updating now after having an update from management about the outlook for 2013. 2012 was a difficult year for AEI but a number of non operating factors helped the Group achieve net profit of $4.9mn in 2012 compared to $0.1mn in 2011. See below for details:
Key highlights in the results
a) revenue fell 28% to $41.2mn
b) but gross profit rose 117% to $3.88mn - mainly from lower raw material costs (AEI had written down its inventory in 2011)
c) pretax profit rose 745% to $4.94mn boosted by the recognition of $3.6mn in negative ...
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