Afrox posts 3.3% rise in half-year revenue
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Strong demand from the healthcare sector has kept Afrox from flat-lining. South Africa's largest gas and welding company has reported a 3.3% rise in interim revenue, that's as demand for its products used in hospitals across the country, offset a continued contraction in the manufacturing sector.
The group also highlighted that cost cutting measures are starting to bear fruit which led to a 7% increase in headline earnings per share. The company's CEO Schalk Venter joined Business Day TV to discuss the results in more detail
The group also highlighted that cost cutting measures are starting to bear fruit which led to a 7% increase in headline earnings per share. The company's CEO Schalk Venter joined Business Day TV to discuss the results in more detail