Ellies issues trading statement

Johannesburg - Ellies Holdings [JSE:ELI] advised shareholders on Wednesday that it expects its loss per share for the six months ended 31 October 2016 will be between 30 and 35 cents per share, compared to the loss per share of 1.56 cents for the six months ended 31 October 2015.

Headline loss per share for the six months ended 31 October 2016 is expected to be between 9 and 14 cents per share, compared to the headline loss per share of 1.02 cents for the six months ended 31 October 2015.

The loss per share is made up of a loss in the infrastructure segment of between 0 and 5 cents per share, a loss in the consumer and property segment of between 0 and 5 cents per share and a loss in the holding company segment - deconsolidation effects and where the group assumes liabilities for group guarantees - of between 20 and 30 cents per share.

Ellies' interim results for the six months ended 31 October 2016 are expected to be released on or about 30 December 2016. The information on which this trading statement has been based has not been reviewed or reported on by the company`s auditors.

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