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EOH increases its dividend

Johannesburg - Technology and business solutions company EOH Holdings [JSE:EOH] on Wednesday reported diluted headline earnings per share up 34% to 142 cents for the year ended July 2010 from 105.9 cents previously.

It reported diluted earnings per share up 35.5% to 142.1 cents from 104.9 cents earlier.

A cash dividend of 36 cents was declared from 30 cents per share previously.

Revenue increased by 38.1% to R1.73bn and profit before tax was up by 36.6% to R159.2m.
 
The group pointed to income of R154.1m from operating activities from R109.5m in 2009.

During the year under review, EOH increased its skills and resource base in infrastructure sales, development and infrastructure-managed services through the acquisition of the operations of businesses trading as Glacier Consulting, Think iT, Connection 42 and BT Cape.

EOH said it further enhanced its recruitment capability through the acquisition of the skills and resources of Abacus Recruitment.

The group has 34.8% broad-based effective black ownership. Of the group's over 1 900 employees, 48.1% are black, as is 55% of the board.

Looking ahead, EOH said it would continue to grow both organically and by strategic acquisitions which complement its business.

"EOH is increasing its managed services business - in both infrastructure and applications, such services being provided onsite at the client and remotely through its hosting and network offerings. EOH is also expanding its business process automation, storage and virtualisation, application testing and monitoring, and its IT security solutions," it said.
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