EOH delays results to give new group FD Megan Pydigadu time to engage with auditors.
EOH Holdings announced on Wednesday that they will delay the release of their financial results for the half year ended 31 January by three weeks. The results will now be published on 16 April instead of 26 March.
The delay will allow newly appointed group financial director Megan Pydigadu “to complete a financial review arising, in part, from the changes to the group’s strategic direction”.
“This includes a review of assets and projects across the group’s diverse business and geographic portfolio and will inform the requirement for a trading statement in terms of the JSE listings requirements,” the group said. "The group financial director is engaging with the group’s auditors on these matters.”
The group’s share price fell sharply on the news of the delay and was trading down 10.2 percent shortly afterwards.