Ellies Holdings\u201a which manufactures and distributes electronic products related to TV reception\u201a has reported a 102.4% leap in headline earnings per share to 42.46 cents in the six months to October 2012\u201a from 20.98 cents a year earlier.<\/p>\n
Revenue was up 56.1% to R1.1 billion as a result of growth in both the consumer goods division and the infrastructure division.<\/p>\n
Earnings before interest, taxes, depreciation, and amortisation rose by 88% to R198.2 million\u201a with an improved Ebitda margin of 17.6% from 14.6% in October 2011.<\/p>\n
No interim dividend was declared.<\/p>\n
\u201cEllies is continuously on the lookout for ways in which to create better shareholder value and concentrates on creating it through improved and innovative product lines and services\u201a\u201d said chief executive Wayne Samson.<\/p>\n
Looking ahead\u201a the company said it remained prepared for the commencement of the Digital Terrestrial Television (DDT) roll out in South Africa and\u201a together with its strategic partners\u201a were positioned to benefit from the roll-out.<\/p>\n
The infrastructure division\u2019s growth is expected to continue with a \u201csolid\u201d order book. The power products division has been appointed as a preferred supplier for several solar and wind projects\u201a which are expected to have a significant effect on the division\u2019s revenue in the future\u201a it said.<\/p>\n
Ellies lifts full-year earnings by 73.3%<\/strong><\/a><\/p>\n Ellies jumps 10% on trading update<\/strong><\/a><\/p>\n