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Afrox to report higher 2012 basic earnings

13th February 2013

By: Creamer Media Reporter

  

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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.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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