Ellies shuts down manufacturing arm with move to digital TV delayed again
The manufacturing segment contributed less than 1% of the group’s R656.6m in revenue for the half-year ending October 2020
The head of electronics group Ellies has said the decision to shut down its manufacturing business was the best course of action to improve the company’s financial position.
On Friday, Ellies will liquidate its manufacturing unit after concluding the wholly owned subsidiary is unlikely to turn a profit for the next two years. ..