Gas provider African Oxygen (Afrox) on Friday reported an expected surge in earnings after reining in fixed costs and restructuring the business in 2015.
Earnings a share for the year to December 31, were expected to increase some 388% to 407% to between 131c and 136c, compared with 26.8c a share in 2014.
Headline earnings a share were expected to be between 135c and 142c a share during the year to December – 272% to 292% higher than the 36.2c posted in the prior year.
“The increase in forecast earnings a share and headline earnings a share is largely due to the improvement in margins as a result of the reduction in fixed costs and the successful finalisation of the restructuring activities,” Afrox said.
The company would publish its results on February 29.