Afrox operating profits up 15%


African Oxygen Limited (Afrox) has reported record operating profits of R684m ($58.8m), up 15 per cent.

Net profit for the company was up 12 per cent at R437m and revenue was higher by 19 per cent at R4bn ($538.6bn).

Earnings per share were 19 per cent higher at 141,6 cents per share.

Managing director, Rick Hogben said: “Significant value has been released for shareholders in disposing of our final 20 per cent in Life Healthcare. For an investment of R375m made this time last year, we realised cash of R850m and a net profit of R362m.”

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