EOH Holdings said in an investor update on Wednesday that it turned in a “resilient financial performance” in its third fiscal quarter and that it’s returned to a stable and cash-generative position.
Browsing: IT services
The JSE has publicly censured listed technology services group EOH Holdings over past financial reporting errors and imposed a R7.5-million fine – R2.5-million of which is suspended for five years.
The lead independent non-executive director of EOH Holdings has resigned from the board a year after being appointed and five months after taking the lead directorship role.
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EOH shares rallied by almost 62% at their peak on Tuesday after it said it was making good progress in dealing with debt and was coping well through the Covid-19 lockdown.