EOH targets state business as profit soars

EOH had identified the public sector as a “major business opportunity” for future growth, chief executive Asher Bohbot said yesterday as EOH reported a 29 percent jump in headline earnings a share to R2.53 for the year to July. Group revenue for the period leapt 50 percent to R3.6 billion and profit before tax rose 45 percent to R340 million. EOH reported strong growth in all the areas it operates in. It hiked dividend payout by 32.6 percent to 70c. The shares gained 5.35 percent to R37.40 on the JSE yesterday. – Asha Speckman