Ellies signals a return to profit
Improved performances by the manufacturing and logistics units helped with a R33m interim profit swing to end-October
03 December 2020 - 08:16
Electronics group Ellies, which makes and trades products ranging from satellite dishes to shelving, says it has returned to profit in its six months to end-October, due to improvements in the way it handles its logistics, as well as reduced loss at its embattled manufacturing division.
The group said in a trading update on Thursday it expects headline earnings per share of 2.37c to end-October, from a loss of 2.91c previously, implying a profit swing of about R33m...
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