Afrox reports steady revenue rise in 2018 financials


African Oxygen Limited (Afrox) has reported a steady rise in revenue in its latest 2018 full-year financials.

South Africa’s largest gases group and member of Linde plc saw its revenue rise by 6% to ZAR 6bn ($422m) due to a combination of higher volumes in certain sectors of the business and successful recovery of cost inflation as a result of effective pricing management.

Afrox’s Earnings before Interest and Taxes (EBIT) decreased by 30.3% to ZAR 596m ($42m). After adjusting for 2018 non-recurring items (the restricting provision of ZAR 52m ($3.7m) and the impairment of certain plants ZAR 55m ($3.9m)), the EBIT declined by 17.8% on a comparable basis.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...