Industrial gases and welding group Afrox on Wednesday said it expected its basic earnings a share for the 2012 financial year to be between 38% and 58% higher than that of 2011.
The increase in basic earnings a share was primarily derived from the consequences of the significant impairments provided against the carrying value of property, plant and equipment in 2011, the group stated.
Headline earnings a share for the year were, however, likely to be between 0% and 2% lower.
Afrox would publish its financial results on February 28.