EOH revenue declines but profit improves

Hanno Labuschagne

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EOH revenue declines but profit improves

EOH released its unaudited results for the six months to 31 January 2021 which showed an operating profit of R59 million – a big improvement over the R915 million loss in the prior period.

The most striking figure in the results is a revenue decline of 29% from R6.194 billion to R4.376 billion.

This decline, EOH CEO Stephen van Coller said, is a result of the strategic disposal of non-core assets and exit of under-performing businesses.
 
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