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Afrox cuts final dividend by more than half as earnings fall

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The company says growth in strategic markets, price cost inflation recovery and productivity gains from various efficiency projects have helped mitigate the cost increases

Afrox headquarters in Selby, Johannesburg. Picture: ROBBIE TSHABALALA

The group said on Wednesday that it would pay a final dividend of 25c a share, from 54c a year earlier. That brings its total dividends for the 2018 financial year to 77c, from 100c previously.

 

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