BOC Limited, a Linde AG company, struggled in its fiscal 2016 financials, posting a loss in turnover due to uncertainties in the UK’s economic environment and the abrupt end of a major gas supply contract.
Overall, revenues fell by 7.2% to £737.6m ($953m) compared to £794.8m ($1bn) the year prior, hurt by the closure of its Shahaviria Steel Industries (SSI) onsite plant towards the end of 2015.
EBITDA decreased to £219.6m ($284m) in 2016 compared with £222.7m ($288m) in 2015, and operating profit as a percentage of sales also fell marginally, dropping to 17.9% from 18.1% the year prior.
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