AYO Technology Solutions Limited Provides Earnings Guidance for the Six Months Ended February 28, 2021
AYO Technology Solutions Limited provided earnings guidance for the six months ended February 28, 2021. For the period the company expected to report a basic loss per share of between 29.22 cents and 31.00 cents. The Group expected to report a headline loss per share of between 24.19 cents and 25.99 cents. The decrease in EPS and HEPS compared to the prior period is primarily as a result of a decrease in revenue earned by the Group for the six months ended 28 February 2021. The decrease in revenue can mainly be ascribed to a decline in the overall economic environment due to Covid-19.