All data is delayed
See More

Ellies posts jump in profit

Jan 22 2013 11:13
I-Net Bridge

Company Data


Last traded 1
Change 0
% Change 4
Cumulative volume 326023
Market cap 0

Last Updated: 08-10-2015 at 04:48. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Ellies sees 90% surge in earnings

Ellies jumps to all-time high

New Dawn satellite launch postponed

Ellies ups earnings 73%


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 Samson.

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.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

ellies holdings



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote