EOH closes out the year on a positive note it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
EOH turnaround strategy bearing fruit
Pre-closing stakeholder update
At the release of EOH’s year-end results on 2 December 2020, EOH reported positive cash generation and EBITDA, as well as a significant improvement in the Group’s liquidity position. EOH is now well positioned to execute on its growth initiatives whilst still navigating volatile local and global market conditions. The Group wishes to provide shareholders with a further update on trading conditions during the six-month period leading up to the half year results for 2021.
Financial performance and liquidity
Total Group revenue remains resilient and in line with budget expectations despite the continued disruption caused by Covid-19. EOH continues to benefit from the turnaround efforts executed upon in the 2020 financial year and expects to post both an operating profit and positive EBITDA (before any normalisation adjustments) for the first six months of the 2021 financial year.
Two Pakistanis bag awards for Inspiring Business Transformation at World CIO 200 Summit 2020
By
Thursday Jan 28, 2021
Twenty six countries took part in the summit; Pakistan participated for the second time
Two Pakistani Chief Information Officers have bagged the awards for Inspiring Business Transformation at the “The World CIO 200 Summit , among hundreds of CIOs from across the globe.
The World CIO 200 Summit gathers global IT decision-makers and solution providers at a unique platform. The providers and the decision-makers of the industry meet under one roof as technology is now a crucial factor for strategic decision making than ever before.
In the 2020 edition of the summit, there were several nominations received before the event, which were evaluated by a global jury. Subsequently, 200 top CIOs were shortlisted and nominated for the DX Inspire Awards 2020. The 21 shortlisted CIOs for the summit included Pakistanis as well.