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EOH sees higher earnings

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 25 Aug 2011

Listed It solutions and outsourcing company EOH says earnings will be as much as 40% higher when it reports full-year results later this month.

Last year, earnings per share were 156.5c, 29.7% higher, while headline earnings per share came in at 156.4c, a 28.3% gain.

For the year to July 2010, EOH reported revenue 38.1% higher, at R1.7 billion, while pre-tax profit was 36.6% higher, at R159.2 million. It said the growth was the result of a combination of organic gains and acquisitions.

In July, the company bought TSS Managed Services for R130.5 million in cash and shares as a springboard into the public sector.

EOH has historically grown through a strategy of driving about half of revenue gains through organic growth, and the rest through acquisitions, a trend that is set to continue.

The company has set itself the target of achieving R4 billion in revenue in the 2014 financial year.

EOH's year-end results are expected to be published on 12 September.

Related story:
EOH buys TSS for R130m

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