ICT group EOH said on Wednesday says it is pleased with its return to a more "normal" business after conducting a R600 million capital raise and having settled most of its legacy affairs with the state.
While economic pressure generally is a headwind, there is also pressure on company's clients to press ahead with digitalisation that would allow for improved customer offerings, CEO Stephen Van Coller told News24. The company has also recently received very strong signs of a restoration in confidence in it from lenders, shareholders, as well as customers.
EOH reported on Wednesday that operating profit from continuing operations fell to R110 million in the six months to end-January, down from R162 million in the prior comparative period, but comparing favourably to the R100 million operating profit for its full 2022 year. Revenue rose 8% to about R3.2 billion.