Apr 14, 2021 / 09:00AM GMT
Stephen van Coller - EOH Holdings Limited - Group CEO & Executive Director
Welcome, everyone. Good to be here today to do our interim results presentation. It's been a really good 6 months, obviously, affected by COVID, but very excited to have turned a profit for the first time since I've been here, and Megan has been here.
Importantly, if you have a look at the numbers, the revenue is down ZAR 1.8 billion, but largely through planned disposals. If you think about it in context, we have reduced debt by ZAR 2 billion through selling businesses that had revenue of around ZAR 1.3 billion. And what's important about that is that we have closed out the negative EBITDA businesses or the low EBITDA businesses as well as the businesses that weren't core to our strategy. And this can be seen in the fact that our operating profit of ZAR 59 million, up from nearly ZAR 1 billion loss in the same period last year.
What's also important to see is, obviously, as you sell businesses, your EBITDA will reduce. But if you remember, back as far as half 1 '19, we estimated before the sale of the IP
Half Year 2021 Eoh Holdings Ltd Earnings Call Transcript
Mar 29, 2024
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