Technology group EOH was trading higher shortly after the market opened in Johannesburg on Tuesday after notifying investors that both earnings per share and headline earnings per share (Heps) will rise by between 20% and 30% for the six months ended 31 January 2016.
EOH, which has a long track record of delivering impressive returns for investors, said it expects Heps to be between 384,1c and 377,1c, compared to the 290,1c it reported in the same six-month period a year ago.
It will publish its results on 9 March.
The company’s share price has come under selling pressure in the past six months as investors worry about its ability to maintain its earnings growth momentum in tough economic times.
Since its peak of R180/share in August 2015, the share has fallen by a quarter.
Year on year, the counter has added just 3%.
However, over five years, it has delivered a return of 705% and, over 10 years the figure rises to 2 410%.
EOH was last quoted at R135,80, up by 1,3% on Tuesday’s session. — (c) 2016 NewsCentral Media
