Growth in the Healthcare business, the efficiencies of restructuring and plant reliability are the three things Afrox Managing Director Schalk Venter attributes to a successful 2019, following the release of the company’s annual financials earlier today.
Sub-Saharan Africa’s leading industrial gases and welding company highlighted an increase in revenue to R6.09bn ($397.6m) and an increase of 45.5% in EBIT.
In its results, Afrox attributed its increased revenue to volume growth in certain sectors of the business and successful recovery of cost inflation from effective pricing management.
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