ELI: ELLIES HOLDINGS LIMITED - Trading statement
ELLIES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2007/007084/06)
JSE share code: ELI ISIN: ZAE000103081
('Ellies' or the 'Company')
In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement
as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the
period to be reported upon next will differ by at least 20% from the previous corresponding period.
Shareholders are accordingly advised that Ellies expects for the 6 months ended 31 October 2020 an earnings
per share of 2,56 cents, compared to a loss of 4,18 cents per share for the half year ended 31 October 2019 and
a headline earnings per share of 2,37 cents, compared to the headline loss of 2,91 cents per share for the half
year ended 31 October 2019.
The change to a profit is attributable to:
- an increase in revenue of 1,9% with an improved margin
- a substantial reduction in operating expenses attributable to the migration of the warehousing and logistics
functions to a third party logistics provider and
- a reduced loss in Ellies Industries, the group´s manufacturing business
The financial results for the six months ended 31 October 2020 are anticipated to be released on or about
4 December 2020.
3 December 2020
Date: 03-12-2020 07:05:00
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