{"id":314,"date":"2019-03-17T17:03:55","date_gmt":"2019-03-17T17:03:55","guid":{"rendered":"http:\/\/www.afroxcomms.co.za\/Company-Profile\/?page_id=314"},"modified":"2019-07-02T11:13:01","modified_gmt":"2019-07-02T11:13:01","slug":"financial-performance","status":"publish","type":"page","link":"https:\/\/www.afroxcomms.co.za\/Company-Profile\/financial-performance\/","title":{"rendered":"Financial Performance"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 hundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-small-visibility\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-right:50px;--awb-padding-left:50px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-right:30px;--awb-padding-left:30px;--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-1 sep-underline sep-solid fusion-title-text fusion-title-size-one\" style=\"--awb-margin-bottom:1%;--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;--awb-sep-color:#0f5a7d;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.2;\"><span style=\"color: #5b6770;\">Financial<\/span> <span style=\"color: #e01a22;\"><strong>Performance &#8211; <a href=\"http:\/\/www.afrox.co.za\/en\/images\/Afrox_Integrated%20Report%202018_tcm266-539308.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #5b6770; line-height: 0.7; font-size: 16px;\"><em>Read our IR 2018<\/em><\/span><\/a><\/strong><\/span><\/h1><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 hundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-medium-visibility fusion-no-large-visibility\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-right:20px;--awb-padding-left:20px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-2 sep-underline sep-solid fusion-title-text fusion-title-size-one\" style=\"--awb-margin-bottom:1%;--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;--awb-sep-color:#0f5a7d;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.2;\"><span style=\"color: #5b6770;\">Financial<\/span> <span style=\"color: #e01a22;\"><strong>Performance &#8211; <a href=\"http:\/\/www.afrox.co.za\/en\/images\/Afrox_Integrated%20Report%202018_tcm266-539308.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #5b6770; line-height: 0.7; font-size: 16px;\"><em>Read our IR 2018<\/em><\/span><\/a><\/strong><\/span><\/h1><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 hundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-small-visibility\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:60px;--awb-padding-right:80px;--awb-padding-bottom:30px;--awb-padding-left:80px;--awb-margin-bottom:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_2_3 2_3 fusion-two-third fusion-column-first\" style=\"--awb-padding-right:20px;--awb-bg-size:cover;--awb-border-color:#002f5a;--awb-border-right:1px;--awb-border-style:solid;width:66.666666666667%;width:calc(66.666666666667% - ( ( 4% ) * 0.66666666666667 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.2;\"><p class=\"p1\"><span class=\"s1\">Value to shareholders<\/span><\/p><\/h1><\/div><div class=\"fusion-image-element fusion-image-align-left in-legacy-container\" style=\"text-align:left;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none fusion-animated\" style=\"margin-right:25px;float:left;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.4\" data-animationOffset=\"top-into-view\"><a href=\"http:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/03\/fin-performance.png\" class=\"fusion-lightbox\" data-rel=\"iLightbox[fin-graphs]\" data-title=\"Value to Shareholders\" title=\"value-shareholders\"><img decoding=\"async\" width=\"1049\" height=\"417\" src=\"http:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/value-shareholders.png\" alt class=\"img-responsive wp-image-774\" srcset=\"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/value-shareholders-200x80.png 200w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/value-shareholders-400x159.png 400w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/value-shareholders-600x239.png 600w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/value-shareholders-800x318.png 800w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/value-shareholders.png 1049w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/span><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:30px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-1\"><p class=\"p1\"><strong><span class=\"s1\">Afrox\u2019s share price increased by 74.6% over the three years. EBITDA margins\u00a0<\/span><span class=\"s1\">for the same period show a similar improvement,<br \/>\n<\/span><\/strong><strong><span class=\"s1\">up 48.6% to 20.8% in 2017 (2016: 22.3%). During the same period ROCE increased by 41.9% to 23.7%\u00a0<\/span><span class=\"s1\">in 2017.<\/span><\/strong><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-last\" style=\"--awb-bg-size:cover;width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% ) * 0.33333333333333 ) );\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.2;\"><p class=\"p1\"><span class=\"s1\">Total revenue contribution by segment (%)<\/span><\/p><\/h1><\/div><div class=\"fusion-image-element in-legacy-container\" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-2 hover-type-none\"><img decoding=\"async\" width=\"418\" height=\"527\" title=\"revenue-per-segment-3\" src=\"http:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/revenue-per-segment-3.png\" alt class=\"img-responsive wp-image-778\" srcset=\"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/revenue-per-segment-3-200x252.png 200w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/revenue-per-segment-3-400x504.png 400w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/revenue-per-segment-3.png 418w\" sizes=\"(max-width: 800px) 100vw, 400px\" \/><\/span><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-top:80px;--awb-padding-right:-30px;--awb-padding-bottom:30px;--awb-padding-left:-30px;--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:30px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator\" style=\"margin-left: auto;margin-right: auto;margin-top:30px;margin-bottom:30px;width:100%;max-width:120%;\"><div class=\"fusion-separator-border sep-shadow\" style=\"--awb-height:20px;--awb-amount:20px;background:radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-webkit-radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-moz-radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-o-radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 hundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-medium-visibility fusion-no-large-visibility\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:30px;--awb-padding-right:20px;--awb-padding-bottom:30px;--awb-padding-left:20px;--awb-margin-bottom:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_2_3 2_3 fusion-two-third fusion-column-first\" style=\"--awb-bg-size:cover;--awb-border-color:#002f5a;--awb-border-bottom:1px;--awb-border-style:solid;width:66.666666666667%;width:calc(66.666666666667% - ( ( 4% ) * 0.66666666666667 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.2;\"><p class=\"p1\"><span class=\"s1\">Value to shareholders<\/span><\/p><\/h1><\/div><div class=\"fusion-image-element fusion-image-align-left in-legacy-container\" style=\"text-align:left;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-3 hover-type-none fusion-animated\" style=\"margin-right:25px;float:left;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.4\" data-animationOffset=\"top-into-view\"><a href=\"http:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/03\/fin-performance.png\" class=\"fusion-lightbox\" data-rel=\"iLightbox[fin-graphs]\" data-title=\"Value to Shareholders\" title=\"value-shareholders\"><img decoding=\"async\" width=\"1049\" height=\"417\" src=\"http:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/value-shareholders.png\" alt class=\"img-responsive wp-image-774\" srcset=\"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/value-shareholders-200x80.png 200w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/value-shareholders-400x159.png 400w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/value-shareholders-600x239.png 600w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/value-shareholders-800x318.png 800w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/value-shareholders.png 1049w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/span><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:30px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-2\"><p class=\"p1\"><strong><span class=\"s1\">Afrox\u2019s share price increased by 74.6% over the three years. EBITDA margins\u00a0<\/span><span class=\"s1\">for the same period show a similar improvement, <\/span><\/strong><strong><span class=\"s1\">up 48.6% to 20.8% in 2017 (2016: 22.3%). During the same period ROCE increased by 41.9% to 23.7%\u00a0<\/span><span class=\"s1\">in 2017.<\/span><\/strong><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-last\" style=\"--awb-bg-size:cover;width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% ) * 0.33333333333333 ) );\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-6 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.2;\"><p class=\"p1\"><span class=\"s1\">Total revenue contribution by segment (%)<\/span><\/p><\/h1><\/div><div class=\"fusion-image-element in-legacy-container\" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-4 hover-type-none\"><img decoding=\"async\" width=\"418\" height=\"527\" title=\"revenue-per-segment-3\" src=\"http:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/revenue-per-segment-3.png\" alt class=\"img-responsive wp-image-778\" srcset=\"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/revenue-per-segment-3-200x252.png 200w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/revenue-per-segment-3-400x504.png 400w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/revenue-per-segment-3.png 418w\" sizes=\"(max-width: 800px) 100vw, 400px\" \/><\/span><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-top:80px;--awb-padding-right:-30px;--awb-padding-bottom:30px;--awb-padding-left:-30px;--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:30px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator\" style=\"margin-left: auto;margin-right: auto;margin-top:30px;margin-bottom:30px;width:100%;max-width:120%;\"><div class=\"fusion-separator-border sep-shadow\" style=\"--awb-height:20px;--awb-amount:20px;background:radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-webkit-radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-moz-radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-o-radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 hundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-small-visibility\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:50px;--awb-padding-right:80px;--awb-padding-bottom:30px;--awb-padding-left:80px;--awb-margin-bottom:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_2_3 2_3 fusion-two-third fusion-column-first\" style=\"--awb-padding-right:20px;--awb-bg-size:cover;--awb-border-color:#002f5a;--awb-border-right:1px;--awb-border-style:solid;width:66.666666666667%;width:calc(66.666666666667% - ( ( 4% ) * 0.66666666666667 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-7 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.2;\"><p class=\"p1\">2009 to 2018 average dividend paid: 56.6 cents\/share<\/p><\/h1><\/div><div class=\"fusion-image-element fusion-image-align-left in-legacy-container\" style=\"text-align:left;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-5 hover-type-none\" style=\"margin-right:25px;float:left;\"><a href=\"http:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/average-dividend-LB.jpg\" class=\"fusion-lightbox\" data-rel=\"iLightbox[d5f26531bd382a2f515]\" data-title=\"Average Dividend\" title=\"value-shareholders-1\"><img decoding=\"async\" width=\"1049\" height=\"457\" src=\"http:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/05\/value-shareholders-1.png\" alt class=\"img-responsive wp-image-849\" srcset=\"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/05\/value-shareholders-1-200x87.png 200w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/05\/value-shareholders-1-400x174.png 400w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/05\/value-shareholders-1-600x261.png 600w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/05\/value-shareholders-1-800x349.png 800w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/05\/value-shareholders-1.png 1049w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/span><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-3\"><p class=\"p1\"><span class=\"s1\">Afrox declared a final gross cash dividend of 25 cents, resulting in a net dividend of 20 cents per share (2017: 43.2 cents) to those shareholders not exempt from dividends tax. The total dividend of 77 cents for 2018 (25 cents for the second half of 2018) is supported by continued solid profits, strong cashflow, and a high level of investment.<\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-last\" style=\"--awb-padding-right:20px;--awb-bg-size:cover;width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% ) * 0.33333333333333 ) );\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-8 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.2;\"><p class=\"p1\">Investment case<\/p><\/h1><\/div><div class=\"fusion-text fusion-text-4\"><ul>\n<li class=\"p1\">Stable and efficient operating model enabling our business strategy<\/li>\n<li class=\"p1\">Strongest footprint among gas companies in Africa, especially Southern African Development Countries<\/li>\n<li class=\"p1\">Part of global leader in industrial gases \u2013 exposure to technology and best practice<\/li>\n<li class=\"p1\">Secured LPG supply chain covering last mile to the customer<\/li>\n<li class=\"p1\">Well-adjusted cost base and ability to recover cost inflation via a combined product offering<\/li>\n<li class=\"p1\">Diverse, less cyclical portfolio, realising pockets of growth despite tough economic conditions<\/li>\n<li class=\"p1\">Strong balance sheet, cash-generative business and positive net debt<\/li>\n<li class=\"p1\">Attractive dividend policy<\/li>\n<li class=\"p1\">Geared for growth with a low-cost and consolidated asset base that delivers economies of scale<\/li>\n<\/ul>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-top:80px;--awb-padding-right:-30px;--awb-padding-bottom:30px;--awb-padding-left:-30px;--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:30px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:30px;margin-bottom:30px;width:100%;\"><div class=\"fusion-separator-border sep-shadow\" style=\"--awb-height:20px;--awb-amount:20px;background:radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-webkit-radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-moz-radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-o-radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 hundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-medium-visibility fusion-no-large-visibility\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:10px;--awb-padding-right:20px;--awb-padding-bottom:30px;--awb-padding-left:20px;--awb-margin-bottom:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-11 fusion_builder_column_2_3 2_3 fusion-two-third fusion-column-first\" style=\"--awb-bg-size:cover;--awb-border-color:#002f5a;--awb-border-right:1px;--awb-border-style:solid;width:65.3333%; margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-9 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.2;\"><p class=\"p1\">2009 to 2018 average dividend paid: 56.6 cents\/share<\/p><\/h1><\/div><div class=\"fusion-image-element fusion-image-align-left in-legacy-container\" style=\"text-align:left;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-6 hover-type-none\" style=\"margin-right:25px;float:left;\"><a href=\"http:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/04\/average-dividend-LB.jpg\" class=\"fusion-lightbox\" data-rel=\"iLightbox[d5f26531bd382a2f515]\" data-title=\"Average Dividend\" title=\"value-shareholders-1\"><img decoding=\"async\" width=\"1049\" height=\"457\" src=\"http:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/05\/value-shareholders-1.png\" alt class=\"img-responsive wp-image-849\" srcset=\"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/05\/value-shareholders-1-200x87.png 200w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/05\/value-shareholders-1-400x174.png 400w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/05\/value-shareholders-1-600x261.png 600w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/05\/value-shareholders-1-800x349.png 800w, https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-content\/uploads\/2019\/05\/value-shareholders-1.png 1049w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/span><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-5\"><p class=\"p1\"><span class=\"s1\">Afrox declared a final gross cash dividend of 25 cents, resulting in a net dividend of 20 cents per share (2017: 43.2 cents) to those shareholders not exempt from dividends tax. The total dividend of 77 cents for 2018 (25 cents for the second half of 2018) is supported by continued solid profits, strong cashflow, and a high level of investment.<\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-12 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-last\" style=\"--awb-padding-top:80px;--awb-padding-right:-30px;--awb-padding-bottom:30px;--awb-padding-left:-30px;--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:30px;margin-bottom:30px;width:100%;\"><div class=\"fusion-separator-border sep-shadow\" style=\"--awb-height:20px;--awb-amount:20px;background:radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-webkit-radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-moz-radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-o-radial-gradient(ellipse at 50% -50% , #e0dede 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-13 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-first\" style=\"--awb-bg-size:cover;width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% ) * 0.33333333333333 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-10 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;--minFontSize:24;line-height:1.2;\"><p class=\"p1\">Investment case<\/p><\/h1><\/div><div class=\"fusion-text fusion-text-6\"><ul>\n<li class=\"p1\">Stable and efficient operating model enabling our business strategy<\/li>\n<li class=\"p1\">Strongest footprint among gas companies in Africa, especially Southern African Development Countries<\/li>\n<li class=\"p1\">Part of global leader in industrial gases \u2013 exposure to technology and best practice<\/li>\n<li class=\"p1\">Secured LPG supply chain covering last mile to the customer<\/li>\n<li class=\"p1\">Well-adjusted cost base and ability to recover cost inflation via a combined product offering<\/li>\n<li class=\"p1\">Diverse, less cyclical portfolio, realising pockets of growth despite tough economic conditions<\/li>\n<li class=\"p1\">Strong balance sheet, cash-generative business and positive net debt<\/li>\n<li class=\"p1\">Attractive dividend policy<\/li>\n<li class=\"p1\">Geared for growth with a low-cost and consolidated asset base that delivers economies of scale<\/li>\n<\/ul>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"class_list":["post-314","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-json\/wp\/v2\/pages\/314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-json\/wp\/v2\/comments?post=314"}],"version-history":[{"count":14,"href":"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-json\/wp\/v2\/pages\/314\/revisions"}],"predecessor-version":[{"id":1008,"href":"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-json\/wp\/v2\/pages\/314\/revisions\/1008"}],"wp:attachment":[{"href":"https:\/\/www.afroxcomms.co.za\/Company-Profile\/wp-json\/wp\/v2\/media?parent=314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}