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ELLIES HOLDINGS LIMITED - Unaudited condensed consolidated interim results for the six months ended 31 October 2019

Release Date: 30/01/2020 16:49
Code(s): ELI     PDF:  
Wrap Text
Unaudited condensed consolidated interim results for the six months ended 31 October 2019

                                                                                   
   Ellies Holdings Limited                                                                                
   Incorporated in the Republic of South Africa
   Registration number: 2007/007084/06                                                                        
   ("Ellies" or "the Company")
   JSE share code: ELI 
   ISIN: ZAE000103081

   UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 OCTOBER 2019                                                                                                                                                                                         

   H1 F2020 at a glance
   
   REVENUE decreased by 2,3% to R644,3 million (H1 F2019: R659,6 million*)
   EBITDA decreased by 85,7% to a profit of R2,5 million (H1 F2019: profit of R17,1 million)
   PROFIT decreased by 292,1% to a loss of R30,1 million (H1 F2019: profit of R15,7 million*)
   TOTAL COMPREHENSIVE INCOME decreased by 278,7% to a loss of R30,0 million (H1 F2019: income of R16,8 million*)
   EARNINGS PER SHARE decreased by 242,7% to a loss of 4,18 cents (H1 F2019: earnings per share of 2,93 cents*)
   HEADLINE EARNINGS PER SHARE decreased by 201,7% to a loss of 2,91 cents (H1 F2019: headline earnings per share of 2,86 cents*)
   NET ASSET VALUE PER SHARE decreased by 20,2% to 43,0 cents (H1 F2019: 53,9 cents)
   NET TANGIBLE ASSET VALUE PER SHARE decreased by 23,9% to 34,7 cents (H1 F2019: 45,6 cents)
   NO DIVIDEND DECLARED

   * Restated – refer note 11 of the full announcement
   
   Short-form announcement
   The contents of the short-form announcement are the responsibility of the Board of Directors of Ellies                                              
   Holdings Limited. The information in the short-form announcement is a summary of the full announcement                                               
   available on the Company’s website on https://elliesholdings.com/financial-reports/ on 30 January 2020 and                                       
   accordingly does not contain full or complete details. The full announcement can also be accessed online at                                          
   https://senspdf.jse.co.za/documents/2020/JSE/ISSE/ELI/INTRes2019.pdf.
   The information in this announcement has been extracted from the reviewed condensed consolidated financial results,
   but the short-form announcement itself has not been reviewed by the Company’s auditors. Any investment decisions by
   shareholders/investors should be based on the full announcement released to the JSE and published on the Company’s
   website. The full announcement is also available at the Company’s registered office (for inspection, at no charge, during
   office hours on any business day) and at the offices of the sponsor, Java Capital, from 30 January 2020 to 7 February 2020,
   both days inclusive. Copies of the full announcement may be requested by email to info@elliesholdings.com.
   
   30 January 2020
   Directors: Messrs Timothy Fearnhead (Chairperson)*, Dr Shaun Prithivirajh (CEO), Chris Booyens (CFO), Martin Kuscus*, Francois Olivier*, Edward Raff*, Elliot Salkow#
   * Independent non-executive       # Non-executive
                                                                                            
    Preparer: Prepared by Mr Jayme Burgers (CA(SA)), Group Financial Accountant, under the supervision of Mr Chris Booyens (CA(SA)), Financial Director and CFO
    Company Secretary: Ms Lindie Lankalebalelo resigned with effect from 31 December 2019; Acorim Secretarial & Governance Services was appointed from 1 January 2020
    Registered office: 94 Eloff Street Ext, Village Deep, Johannesburg, 2001 • (PO Box 57076, Springfield, 2137)
    Sponsor: Java Capital, 2nd Floor, 6A Sandown Valley Crescent, Sandton
    Auditors: BDO South Africa Inc                                                                                                                                                                
    www.elliesholdings.com


                                                                  
                                                
                                                                    

Date: 30-01-2020 04:49:00
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