Business
NVS: EBITDA and EPS fell despite higher revenue, but cash reserves and acquisition capacity remain robust
NVS: EBITDA and EPS fell despite higher revenue, but cash reserves and acquisition capacity remain robust
About this update from Novus Holdings Ltd.
Revenue rose 1% year-over-year, but EBITDA and EPS declined due to higher overheads and lower education segment volumes. Cash reserves remain strong, with over ZAR 1 billion expected by December, and the group is poised for acquisitions pending regulatory clearance for Mustek.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
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