Loading...
See More

EOH: more acquisitions on the cards

Sep 15 2010 13:29 Simon Dingle

Company Data

EOH HOLDINGS LIMITED [JSE:EOH]

Last traded 0
Change -1,57
% Change 0
Cumulative volume 22029
Market cap 12.28bn

Last Updated: 23-10-2014 at 03:12. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Annuities, BEE add to EOH growth

EOH increases its dividend

EOH earnings on the rise

EOH targets public tenders

EOH pairs with the heavyweights

EOH expects earnings rise

 
London - ICT group EOH Holdings [JSE:EOH] said on Wednesday its focus on broad product and services offerings has aided its growth. Looking to the year ahead, EOH said more growth is to expected and it will be pursuing more public sector business.

EOH reported results for the year to end-July 2010 on Wednesday. These showed group revenue up 38% to R1.8m, with profit before tax up 36.6% o R157.2m. Headline earnings per share are up 28.3% to 156.4 cents and the group announced a 20% increase in dividend to 36c.

Said CEO Asher Bohbot: "During the year we followed our core strategy, targeting areas where we would derive more annuity and repeat revenue. Although the ICT sector is in a state of transition, we continue to be a growth industry."   

Bohbot told Fin24.com that acquisitions would continue to feature as EOH pursues growth.

"Traditionally we've grown through a combination of organic and acquisitive growth, and this year there will likely be an even split between acquisitions and growing new business," he said.

Bohbot said that EOH acquires businesses in areas the group wants to pursue. After many acquisitions with a trend of acquired company staff remaining at EOH, he said EOH has learnt how to make acquisitions work best.

Public sector work a responsibility
 
In terms of operations, EOH will continue to focus on the managed services arena with subsets of offerings for industry verticals, according to Bohbot.

"This is very important to us and is our largest area of growth," he said.

"Business process automation, information management and the whole aspect of storage are examples of growth business."

"Selling, implementing and supporting many applications for our customers is also a big business," he said.  

Bohbot also wants to pursue more public sector business and feels strongly about the impact the company could make in that space.

"It is a responsibility to be involved in the public sector," he said.

"Government is struggling to deliver and we can do a lot for them and the citizens of this country. There are really lots of opportunities there. We want to be there and they badly need us," said Bohbot.

- Fin24.com
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...