AFROX says in a trading statement headline earnings per share for the six months ended June will be between 71c and 78c per share, or 90%-109% higher, respectively, than the 37c per share for the previous corresponding period.The full spectrum gases and welding products company, operating in sub-Saharan Africa, said a jump in earnings per share of between 106% and 126% was mainly due to better margins, resulting from restructuring initiatives started in 2015."The previous corresponding period includes expenditure in respect of the restructuring provisions, where such expenditure was not incurred in the six months ended June 2016," Afrox said. The stock shot up as much as 10% in early trade, only to end the day back where it started.The group said it was finalising its results for the interim period. They were expected to be published on or about September 8. The company provides cylinder gases and welding products; liquefied petroleum gas; medical gases; scientific gases; refrigeran...
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