• Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

  • Money creation made easy

    Changing the money creation system may be simpler than we think, says Edward Ingram.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Ellies posts jump in profit

Jan 22 2013 11:13 I-Net Bridge

Company Data

ELLIES HOLDINGS LIMITED [JSE:ELI]

Last traded 4.25
Change 0.01
% Change 0.00
Cumulative volume 134803
Market cap 1.29bn

Last Updated: 23/04/2014 at 04:07. 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

Tough conditions weigh on Ellies

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
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com 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
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Cope loses members to ANC

President of the Cope Youth Movement, Abel Rangata, and three other Cope members have resigned from the party to join the ANC.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

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