AYO achieves 11% increase in headline earnings, declares dividend | IOL Business Report

CAPE TOWN – AYO Technology Solutions, which is defending legal action by the Public Investment Corporation , lifted headline earnings per share by 11 percent to 53.53 cents off the back of a 207 percent rise in revenue to R1.9 billion in the year to August 31.

The broad-based black empowerment information and communication technology group, one of the largest in the country and which is controlled by Sekunjalo Investments-owned Africa Equity Empowerment Investments, said on Friday that work on a contract with a multinational company that started in July, and two acquisitions, Sizwe IT and SGT Solutions, had significantly boosted revenue.

AYO‘s challenges in the past year included dealing with governance allegations made during the PIC Commission of Enquiry that resulted in the re-auditing of the 2018 and 2019 interim results, and receiving a summons from the PIC seeking to declare a share subscription agreement invalid, which was being opposed by the group.

Great, now you can pay so that PIC money

How so? If it was said they cannot pay their debt .

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nike earnings jump as strong pricing offsets tariff hitNike reported a jump in quarterly earnings on Thursday as strong pricing and increased direct sales helped offset a hit from US trade tariffs. rats? pillay? we not gonna leave it ... *strongAction And your earnings are going to plummet until you fire the racist kanthan pillay, adress censorship accusations, racism, bullying
Source: eNCA - 🏆 49. / 51 Read more »

Eskom's new CEO engaged in questionable stock sales at Sasol | IOL Business ReportAndre de Ruyter, the incoming head of Eskom, engaged in questionable stock sales while working as a senior executive at Sasol. Offcause Igbal Surve will find something on the guy. Meeting the expectation I can tell. Go deeper iOL, go deeper man of god sakhi_dlamini Say his name
Source: IOL - 🏆 46. / 51 Read more »