14 Apr

EOH back in the black as it exits 'badly negotiated' contracts

Sibongile Khumalo

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EOH eyes growth opportunities after completing its turnaround strategy.

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EOH is "back in the black", the company's CEO Stephen van Coller stressed on Monday as he tabled the company’s interim financial results, which marked more progress in its turnaround journey.

The company cut its debt by selling off several non-core assets, and exited what it calls "badly negotiated" contracts that were not in the best interest of the company.

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