{"id":15690,"date":"2012-06-18T11:45:03","date_gmt":"2012-06-18T09:45:03","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=15690"},"modified":"2012-06-18T12:49:35","modified_gmt":"2012-06-18T10:49:35","slug":"ellies-jumps-10-on-trading-update","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/15690\/ellies-jumps-10-on-trading-update\/","title":{"rendered":"Ellies jumps 10% on trading update"},"content":{"rendered":"

Ellies<\/a> rallied more than 10% in mid-morning trade on the JSE<\/a> on Monday (15 June), after the group said it expects headline earnings per share<\/a> for the year ended April 2012 to be between 68% and 78% higher than 31.42 cents previously.<\/p>\n

Shares in the group advanced 41 cents to R4.40, before moving back down to R4.30 or 7.77%, against a 0.78% gain on the All Share Index.<\/p>\n

Ellies, which manufactures and distributes electronic products related to television reception, says it expects its earnings per share to be between 68% and 78% higher than 31.49 cents in 2011.<\/p>\n

The group had previously advised, in March, that it expected HEPS and EPS to be at least 40% higher than in 2011.<\/p>\n

In 2011, Ellies announced revenue of R1.316 billion, and profit from operations of R146 million.<\/p>\n

It is still awaiting the implementation of the Digital Terrestrial Television (DTT)<\/a> migration rollout through Southern Africa.<\/p>\n

The group said it continues its participation in energy conservation and the reduction of greenhouse effects, with renewable energy sector products including solar power, solar heating and energy efficient lighting.<\/p>\n

Ellies noted that SkyeVine\u00a0 had\u00a0 begun\u00a0 operations,\u00a0 by\u00a0 providing\u00a0 internet\u00a0 satellite\u00a0 connectivity within Sub-Saharan Africa, with the successful launching of Intelsat’s New Dawn Satellite. Ellies has a 45% interest in SkyeVine, “and will continue to invest and co-develop the opportunities. Returns from this investment are expected to be reflected in the coming years, with the growth in the subscriber base,” it said.<\/p>\n

The group expects to publish its results on about 23 July 2012.<\/p>\n

Related Articles<\/strong><\/p>\n

Ellies Holdings H1 HEPS 20.98c vs 15.12c<\/a><\/strong><\/p>\n

Ellies H1 HEPS seen 35% \u2013 40% higher<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Ellies rallied more than 10% in mid-morning trade on the JSE on Monday, following a positive trading update.<\/p>\n","protected":false},"author":9,"featured_media":4165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1648,557,26,561,563,3201],"class_list":["post-15690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-digital-terrestrial-television","tag-ellies","tag-headline","tag-intelsat","tag-new-dawn-satellite","tag-skyevine"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/15690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=15690"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/15690\/revisions"}],"predecessor-version":[{"id":15694,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/15690\/revisions\/15694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/4165"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=15690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=15690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=15690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}