Apr 13, 2022 / 09:00AM GMT
Stephen van Coller - EOH Holdings Limited - Group CEO & Executive Director
Good morning, everyone, and welcome. The EOH Board and management team is pleased to report that despite the ongoing challenging operating environment, this 6-month period marks the successful completion of EOH's targeted turnaround strategy, with the group reporting its first positive headline earnings per share of ZAR 0.41 from a ZAR 0.36 loss per share in the previous period. This is a 214% improvement.
Total revenue stabilized at around ZAR 3.5 billion for the half year. This included around ZAR 500 million from assets sold in the period. The decrease from the prior year was largely attributable to disposals and the closeout of negative EBITDA contracts as the group continued to execute on its stated strategy of exiting nonperforming as well as noncore businesses. Q2 revenue was up on Q1 as an early indication of the normalization.
Total operating expenses decreased by 22% from ZAR 1.1 billion to around ZAR 880 million in the current year. The decline in operating expenditure is a result of extremely hard
Half Year 2022 Eoh Holdings Ltd Earnings Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot