EOH: Earnings a share to rise at least 30%

EOH’s earnings a share and headline earnings a share would rise by between 30 percent and 35 percent for the year to July compared with a year earlier, the information technology systems provider said yesterday. For the 12 months to July last year EOH posted earnings a share of R2.549 and headline earnings a share of R2.531. Revenue grew 50 percent last year to R3.6 billion through a combination of organic and acquisitive growth. Profit before tax increased 45 percent to R341 million and the dividend was hiked by 32.6 percent to 70c a share. The Johannesburg-based firm provides business and information technology solutions with centres in South Africa, west and central Africa and the UK serving industries from financial services to telecommunications. Results will be published on or about September 11. The stock closed 0.95 percent up at R66 on the JSE yesterday. – Asha Speckman