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ELLIES HOLDINGS LIMITED - Unaudited condensed consolidated interim results for the six months ended 31 October 2023

Release Date: 29/02/2024 16:30
Code(s): ELI     PDF:  
Wrap Text
Unaudited condensed consolidated interim results for the six months ended 31 October 2023

SHORT-FORM ANNOUNCEMENT
ELLIES HOLDINGS LIMITED (IN BUSINESS RESCUE)
Incorporated in the Republic of South Africa
Registration number: 2007/007084/06
JSE share code: ELI
ISIN: ZAE000103081
("Ellies" or "the Company")

UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 OCTOBER 2023

H1 F2024 AT A GLANCE

REVENUE decreased by 30,6% to R353,1 million (H1 F2023: R508,9 million)

EBITDA LOSS increased by 72,7% to a loss of R51,8 million (H1 F2023: loss of R30 million)

LOSS AFTER TAX increased by 205,2% to a loss of R106,5 million (H1 F2023: loss of R34,9 million)

TOTAL COMPREHENSIVE LOSS increased by 202,6% to a loss of R106,5 million (H1 F2023: loss of R35,2 million)

LOSS PER SHARE increased by 204,8% to a loss of 13,23 cents (H1 F2023: loss of 4,34 cents)

HEADLINE LOSS PER SHARE increased by 189,7% to a headline loss of 13,27 cents (H1 F2023: headline loss of 4,58 cents)

NET ASSET VALUE PER SHARE decreased by 159,3% to a negative equity per share of 7,3 cents (H1 F2023: 12,3 cents)

NET TANGIBLE ASSET VALUE PER SHARE decreased by 159,3% to a negative equity per share of 7,3 cents (H1 F2023: 12,3 cents)

No dividend declared

BUSINESS RESCUE
Ellies Holdings Limited commenced business rescue proceedings on 31 January 2024 and appointed John Evans as its business rescue 
practitioner on 1 February 2024. The main operating subsidiary of the Group, Ellies Electronics Proprietary Limited, commenced 
business rescue proceedings on 31 January 2024 and appointed John Evans as its business rescue practitioner on 1 February 2024.

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://ellies.co.za/Ellies-Interim-Results-31-Oct-2023.pdf and accordingly does not contain full or complete details. The full 
announcement is also available on the JSE website at https://senspdf.jse.co.za/documents/2024/JSE/ISSE/ELI/INT2023.pdf. 

The information in this announcement has been extracted from the unaudited 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 on SENS 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 29 February 2024 to 8 March 2024, both days inclusive. Copies of the full announcement 
may be requested by email to info@elliesholdings.com. 

29 February 2024

ELLIES HOLDINGS LIMITED

DIRECTORS: Mr Timothy Fearnhead (Chairperson)*, Dr Shaun
Prithivirajh (CEO), Mr Guy Moretti (CFO), Mr Darren Kramer*, Mr
Martin Kuscus*, Mr Edick Lehapa*, Ms Sedzani Mudau*, Mr Francois 
Olivier*
* Independent Non-Executive 

PREPARER: Prepared by Mr Jacques Liebenberg BCompt (Hons), AGA(SA), Group Reporting Financial Manager, under the supervision
of Mr Guy Moretti CA(SA), Financial Director and CFO 

COMPANY SECRETARY: Acorim (Pty) Ltd

REGISTERED OFFICE: Brooklyn Place, 3 Centex Close, Kramerville, Sandton, 2090 (PO Box 57076, Springfield, 2137) 

SPONSOR: Java Capital, 6th Floor, 1 Park Lane, Wierda Valley, Sandown, Sandton, 2196

AUDITORS: RSM South Africa Incorporated

TRANSFER SECRETARIES: Computershare Investor Services (Pty) Ltd

http://www.ellies.co.za



Date: 29-02-2024 04:30:00
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