Debt-laden EOH Holdings is disposing of its remaining 30% interest in Construction Computer Software in an effort to further deleverage its balance sheet.
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EOH Holdings reported a 21.8% decline in total revenue to R6.4-billion in the six months to 31 January 2020, but losses decreased as it said it was making headway with its turnaround plan.
In a pre-closing update ahead of the publication of the group’s interim financial results for six months to end-January 2020, EOH signalled that it’s slowly turning the corner, operationally at least.
EOH Holdings has sold 70% of subsidiary Construction Computer Software for R444.4-million.