Afrox maintains flexible approach against backdrop of full-year results


During days of continued uncertainty and against a backdrop of difficult full-year financial results, African Oxygen Limited (Afrox) maintains its ‘flexible approach to the business’.

For the year ended 31st December 2009, Afrox revenue deceased by 15% to R4.8bn, while net profit was R243m.

Earnings per share were 75.2 cents for the period, down 44% compared to the 12 months ended December 2008. Earnings before interest, tax, depreciation and amortisation (EBITDA) reduced 17% to R838m, with EBITDA margin remaining constant at 18%.

Afrox described the trading conditions as ‘extremely tough’ but noted that the company maintains a ‘flexible approach’ to its business.

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