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Afrox expects high full year earnings

Afrox, the South African industrial gas company is expecting its full-year basic earnings per share to rise by 226 cents thanks to a one-off gains from the sale of its healthcare business, Reuters reports.

Afrox said headline EPS in the year to end September would not be affected by the disposal. Headline earnings per share are the key measure of profitability in South Africa and strip out non-trading, capital and certain one-off items.

Shares in the company fell 3.6 percent after the statement.

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