ELI: ELLIES HOLDINGS LIMITED - Trading statement

ELI: ELLIES HOLDINGS LIMITED - Trading statement

ELI: ELLIES HOLDINGS LIMITED - Trading statement 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') TRADING STATEMENT 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 Sponsor Java Capital Date: 03-12-2020 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

2020-12-03 07:05:00 Source: JSE News Service (SENS)