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Afrox forecasts higher profits

July 27 2012 at 05:38pm

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CorporateBusiness

African Oxygen (Afrox‚ AFX) advised on Friday that in respect of the six month trading period ended 30 June 2012 basic earnings per share are expected to be between 230% and 250% higher‚ and headline earnings per share are expected to be between 3% and 5% higher than those of the comparative period (30 June 2011).

“These increases are primarily derived from the consequences of the significant impairments provided against the carrying value of property‚ plant and equipment in the comparative period‚” the group said in a trading update.”

Afrox's interim results for the six month period ended 30 June 2012 are expected to be published on or about 23 August 2012. - I-Net Bridge


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