Enterprise-wide business systems specialist EOH grew headline earnings per share by 20% to 31.52c in the year to 31 July.
<B>Salient figures</B>
EOH results for the year to 31 July 2003.
Previous year`s figures in parentheses:
Revenue: R175.97m (R114.33m)
Profit before interest: R16.4m (R14.12m)
Net profit: R14.4m (R11.96m)
EPS: 29.24c (24.02c)
HEPS: 31.52c (26.19c)
Dividends per share: 6c (--)
Current assets: R69.65m (R62.22m)
Cash and equivalents: R40.4m (R29.59m)
Current liabilities: R41.31m (R47.32m)
Chairman and CEO Asher Bohbot says the group`s business model has stood it in good stead, with its mix of activities and regions, as well as a steady stream of annuity income, helping EOH remain stable across its operations.
The group recently announced it had agreed to acquire the similarly sized Atos KPMG Consulting, which is now awaiting regulatory approval.
"If it goes through it will just about double our business," Bohbot says. "It will also bring us into new areas of business, namely financial services and the public sector. EOH`s market has always been commerce and industry.
"It will also increase our service offering and market space, creating a powerful company," he says.
While Bohbot declines to disclose any further details of the acquisition, since EOH is trading under a cautionary, he says the particulars will be disclosed "in the next couple of weeks".
The group has expressed its commitment to black economic empowerment, with its strategy focused on equity, strategic, managerial and operational levels. Bohbot says an equity stake of 25% plus one share has been earmarked for black empowerment.
The EOH share was trading at 220c on the JSE this morning, down 10c or 4.3% from Friday`s close.
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