Johannesburg – African Oxygen expects to report improved results for the year to December next month.
In a statement issued on Monday, the listed company said it expects earnings per share to be between 186 cents and 199 cents per share, a gain of between 39 percent and 49 percent.
Headline earnings per share – a key measure of profitability – are expected to be between 182 cents and 196 cents per share.
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This, says Afrox, translates to a gain of between 31 percent and 41 percent on the 139c a share reported last year.
The company, set to report results on February 22, is the gain in earnings per share is mainly due to improved margins from operational efficiencies and a reduction in fixed costs, as a result of the restructuring initiatives initiated in previous corresponding period, together with the settled litigation.
BUSINESS REPORT ONLINE