African Oxygen Ltd : Afrox final results 31 December 2011
02/24/2012| 06:31am US/Eastern
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Revenue for the final period ended 31 December 2011 was
stronger at R5.2 billion (R4.7 billion) and earnings before
interest, tax, depreciation, amortisation and impairments
(EBITDA) improved to R774 million (R606 million). Profit for
the period attributable to equity holders of the company
soared to R183 million (R94 million), while headline earnings
per share climbed by 65% to 91.6cps (55.5cps).
Dividend
The board declared a final cash dividend of 23cps (2010:
8cps). Together with the interim cash dividend of 22cps
(2010: 19cps), a total of 45cps (2010: 27cps) was declared
for the year and is covered 2.0 times in headline earnings
per share.
Outlook
Many of the internal factors that restrained growth during
2010 have been resolved, clearing the way for an incremental
return to operational and financial strength, barring
unforeseen events. Continued low economic growth, which
impact on manufacturing and infrastructure spend in South
Africa, remains a real concern and as a result our outlook
remains cautiously optimistic.
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