Higher sales volumes and improved operational efficiencies have contributed to an expected 20% to 32% year-on-year rise in JSE-listed African Oxygen's (Afrox’s) earnings per share (EPS) for the six months to June 30.
EPS are likely to be between 93c and 103c, compared with 77.8c in the first six months of 2016.
Headline earnings a share are expected to be between 92c and 102c – a 20% to 33% increase on the 76.5c recorded in the prior comparable period.
Afrox’s results will be published on September 8.