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EOH increases earnings

By Iain Scott, ITWeb group consulting editor
Johannesburg, 03 Sept 2004

Enterprise Outsourcing Holdings (EOH) is expected to report an increase in earnings when it reports its full-year results later this month.

The group says in a trading update that earnings per share and headline earnings per share for the year to 31 July will be between 10% and 30% higher than those of the previous year.

For the year to July 2003, EOH achieved a 21.7% increase in earnings per share from 24.02c to 29.24c, while headline earnings rose by 16.9% from 26.19c to 31.52c per share.

This was on the back of a 53.9% increase in revenue from R114.33 million to R175.97 million.

Since then the group acquired Atos KPMG Consulting in a deal valued at R20 million.

It also recently announced it was finalising a deal to include staff members in a black economic empowerment deal involving a 25% equity stake.

The results for the year to end-July 2004 are to be published on or around 20 September.

The EOH share rose by 14c or 5.1% to close at 290c on the JSE yesterday.

Related stories:
EOH in BEE deal
EOH turns in strong results
Positive update from EOH
EOH goes ahead with Atos KPMG deal
EOH boosts earnings by 20%

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