JSE-listed EOH says its earnings per share are yet again set to be higher in the first half of the year.
The group, which grows through a combination of organic and acquisitive growth, told shareholders that earnings per share and headline earnings per share are expected to be between 30% and 40% higher in the six months to January compared to the same period last year.
A year ago, the group reported earnings per share of 127.2c and headline earnings per share of 126.9c. Analysts view headline earnings per share as a key performance indicator as it strips out unusual items.
In the first half of last year, EOH reported revenue 44.1% higher, to R1.6 billion, and its net profit was R106.5 million, compared with R70.3 million.
In the year to July, turnover gained 50%, to R3.6 billion, while pre-tax profit moved up to R339.9 million - a 45% improvement. In March 2010, the company has set itself the target of achieving R4 billion revenue in the 2014 financial year, which would require it to grow the top line 27.5% each year.
EOH's results are expected to be published on 12 March. The company has constantly grown both revenue and headline earnings per share in the past 10 years, defying the recent recession that resulted in the collapse of companies across the globe.
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