EOH exceeds targets

Johannesburg, 19 Sept 2007

JSE-listed EOH will pay investors a 20c dividend per share, following a year of strong revenue growth.

The company, which this morning posted its annual results for the year ended 31 July, says it is satisfied with its performance.

EOH reported a 40% increase in revenue, to R703 million, with profit before tax increasing by 30%, to R72 million. Headline earnings per share (HEPS) are up 24%, to 79c. EOH had R114 million cash on hand at the end of the period.

The company says its revenue increase is a result of organic growth within core businesses, as well as from acquisitions.

"These results indicate that we are well ahead of our growth targets, which is very good news. Our three-dimensional approach, offering product, service and industry expertise, has ensured we are well placed to meet the evolving needs of our customers and to successfully differentiate ourselves in a competitive marketplace," says Asher Bohbot, EOH chief executive.

In the year under review, the company established EOH Interim Talent, which focuses on the provision of skilled IT staff. In line with this focus on people, Bohbot says the company is also growing its training and education business.

From a technology perspective, EOH bolstered its infrastructure, networking and hosting businesses with the acquisitions of Bromide Technologies and LMX. Bohbot says there are further plans to build the networking and hosting offering.

The company now has 33.3% black ownership, which involves all of its previously disadvantaged employees.

The 20c dividend is up 43% on last year's 14c per share. It will be paid on 29 October. EOH's share price gained 2%, to R10, in early morning trades today.