JSE-listed African Oxygen (Afrox) expects to report double-digit gains in earnings for the year ended December 31, after reporting improved margins from operational efficiencies and a reduction in fixed costs post its restructuring programme the year before. Earnings a share for the year under review are expected to be 39% to 49% higher, at between 186c and 199c apiece, compared with the 134c a share reported in the prior year.
Source: www.engineeringnews.co.za
Afrox to post higher FY earnings
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