Green shoots at EOH as operating profit climbs
late on Tuesday that it expects to generate an operating profit from continuing operations of as much as R120-million in the six months ended 31 January 2023, up from R100-million for the full year to 31 July 2022.
The IT services group, which has been through the wringer in recent years as it fought high debt levels and dealt with legacy corrupt public sector dealings, said its revenue in the latest interim reporting period will show revenue from continuing operations rising 5-10% compared to the same period a year ago.
Gross profit margins from continuing operations have been maintained and will be between 28% and 30% overall,The group will report a total loss per share from both continuing and discontinued operations of between 0c and -6c, compared to restated earnings per share of 8c a year ago and a total loss per share for the 2022 financial year of -9c.
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