JSE-listed technology services group EOH Holdings posted a headline loss per share of 11 cents on Tuesday for the six months ended 31 January 2024.
Group revenue for the six months came in lower at R3.1 billion, compared to R3.2 billion recorded in the corresponding interim period. The issue revolved around a PAYE dispute which the group was contesting. It relates to Abantu, a wholly owned subsidiary, which had an ongoing tax dispute dating back to 2012 related to a PAYE dispute in two of its staff outsourcing businesses.
“The negotiation with Sars will certainly go down as one of the toughest negotiations of my corporate career,” he added.
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