Johannesburg - Ellies Holdings [JSE:ELI]‚ which manufactures
and distributes electronic products related to TV reception‚ has reported a
102.4% leap in headline earnings per share to 42.46 cents in the six months to
October 2012‚ from 20.98 cents a year earlier.
Revenue was up 56.1% to R1.1bn as a result of growth in both
the consumer goods division and the infrastructure division.
Ebitda rose by 88% to R198.2m‚ with an improved Ebitda
margin of 17.6% from 14.6% in October 2011. No interim dividend was declared.
“Ellies is continuously on the lookout for ways in which to
create better shareholder value and concentrates on creating it through
improved and innovative product lines and services‚” said chief executive Wayne
Looking ahead‚ the company said it remained prepared for the
commencement of the Digital Terrestrial Television (DDT) roll out in South
Africa and‚ together with its strategic partners‚ were positioned to benefit
from the roll-out. Ellies said it had begun exporting aerials and DTT dishes to
other African countries and with the continued weakening of the rand more
export activity will be seen by the group.
The infrastructure division’s growth is expected to continue
with a “solid” order book. The power products division has been appointed as a
preferred supplier for several solar and wind projects‚ which are expected to
have a significant effect on the division’s revenue in the future‚ it said.
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