JSE-listed EOH Holdings plans to continue growing organically and acquisitively, and will continue to pursue opportunities in selected African countries.
The company reported revenue up 45.5%, to R2.4 billion, in the six months to January, and profit after tax was 53.5% higher, at R163.5 million. Headline earnings per share gained 35.2% to 171.5c, while cash increased 37%, to R532.5 million.
Its cash reserves place it in a "strong financial position, with substantial cash resources to ensure sustainable future growth," it says. EOH has 6 000 staff members and 3 500 customers.
EOH says in a statement that it plans to continue growing both organically and acquisitively. Growth areas include infrastructure and application managed services, cloud offerings, enterprise applications, information management, business process outsourcing, security and industrial technology, as well as selected African countries.
"Prospects in the rest of Africa are encouraging and we see future growth in identified countries," says CEO Asher Bohbot.
During the period, its acquisitive strategy was to consolidate and complement its existing service offerings in its consulting, managed services, human capital and industrial technology businesses, and grow its public sector business.
EOH made several acquisitions totalling R224.6 million (less than 5% of EOH's market capitalisation of almost R5 billion), of which R124.9 million was due in cash with the balance paid in shares.
The aggregated revenue of these businesses included in the six months to January was R184 million, netting a profit before tax of R29.9 million.
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