Listed IT service company EOH on Monday advised that revenue for the year ended July 2017\u00a0has increased in all areas of the business, resulting in an overall increase of 21% when compared to 2016.<\/p>\n
The group, which is under a cloud of corruption, advised that earnings per share is expected to be between 774 cents and 845 cents, reflecting an increase of
\nbetween 10% and 20% compared to the earnings per share of 704 cents for the year ended July 2016.<\/p>\n
Headline earnings per share meanwhile, is expected to be between 791 cents and 863 cents, reflecting an increase of between 10% and 20% compared to the headline earnings per share of 719 cents for the prior period.<\/p>\n
The listed IT service company took a massive knock on the JSE in mid July, after an\u00a0opinion article<\/a>\u00a0accused the company of misconduct in its contracts with South Africa\u2019s welfare agency.<\/p>\n The report suggested that father and son Danny and Jehan Mackay, shareholders of EOH, might \u2018dethrone\u2019 the Gupta brothers \u201cas South Africa\u2019s most notorious alleged practitioners of state capture\u201d.<\/p>\n The company has repeatedly refuted the suggestions in this opinion piece.<\/p>\n