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.