Apr 05, 2023 / 09:00AM GMT
Stephen van Coller - EOH Holdings Limited - Group CEO
Welcome to EOH half-year results. The single takeaway for me is the business continues to improve and grow despite the very tough economic and political environment. Revenue is up 8% half on half, following a 17% increase half two and half two last year. The positive momentum continues.
Importantly, after a year of investing in the international business, we see a 45% organic growth in revenue. Business stability continues with GP margins remaining in the high 20s for the third successive half-year period. Operating profit of ZAR109 million is more than we made for the whole of 2022, as our growth, efficiency, talent, or GET strategy bears fruit. What was very pleasing in this tough environment was the significant investor support we received for our turnaround efforts in the rights issue.
On the negative side, we have seen a significant slowdown in public sector work, especially with state-owned enterprises and metros. This is a significant worry for the economy moving forward.
We had an extremely successful rights issue
Half Year 2023 Eoh Holdings Ltd Earnings Call Transcript
Mar 29, 2024
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