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ELLIES HOLDINGS LIMITED - Trading Statement

Release Date: 28/01/2019 17:40
Code(s): ELI     PDF:  
Wrap Text
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 to be within the ranges reflected in the table below of earnings
per share ("EPS") and headline earnings per share ("HEPS") for the six month period ended 31 October 2018:


                                            Six months ended                Six months ended                         % change
                                              31 October 2018                31 October 2017
                                              (cents per share)              (cents per share)

Earnings per share                             11,24 - 11,90                  3,30                              240,6% - 260,6%
Headline (Loss)/Earnings                       (0,07) - 0,54                  3,05                              (82,3%) - (102,3%)
per share

The increase in EPS is attributable to a profit on deconsolidation of BotjhengWater of R75 million on the finalisation of
the Cooperative Muratori Cementisi Ravenna dispute and the restructuring of the Standard Bank guarantee as reported in
notes 38 and 39 of the audited annual financial statements for the year ended 30 April 2018.

Revenue is expected to be 2,7 % lower than in the comparable period given the subdued economy. The gross margin was
maintained however operating expenses, mainly salaries and occupancy costs, have increased by 9,8%.

HEPS is adjusted for the profit on deconsolidation, which has resulted in a lower amount per share compared to the prior
year.

The financial results for the six months ended 31 October 2018 is anticipated to be released on or about 31 January 2019.

The forecast financial information on which this trading statement is based has not been reviewed and is not being
reported on by the Company´s external auditors.

28 January 2019


Sponsor

Java Capital

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