ELI
ELI
ELI - Ellies Holdings - Trading Statement
Ellies Holdings Limited
(Registration number: 2007/007084/06)
JSE code: ELI ISIN: ZAE000103081
("Ellies" or the "company")
TRADING STATEMENT
The Ellies prospectus issued on 28 August 2007 contains a profit forecast for
the 14 month period ending 30 April 2008, incorporating a 12 month trading
period from 1 May 2007, when, in terms of International Financial Reporting
Standards, the company commenced accounting for the businesses acquired.
Preparatory to the listing of Ellies, the company changed its year end from 28
February to 30 April. Consequently, reviewed interim results for the statutory
12 month period to 29 February 2008 are to be released by 30 May 2008.
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they become aware that the financial
results for the period to be reported upon next would differ by at least 20%
from the previously released profit forecast.
Ellies accordingly advises that for the period ended 29 February 2008 it expects
earnings and headline earnings per share to be between 20% and 30% higher than
forecast. Earnings for this period do not include any contribution from pending
acquisitions, being Megatron Federal (Pty) Ltd and Reeflite (Pty) Ltd as
announced on the 4 December 2007 and 12 December 2007 respectively. The
acquisitions are still subject to the fulfilment of certain conditions
precedent.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors. The reviewed interim
financial results of the company are expected to be published on about 21 April
2008.
1 April 2008
Designated advisor
Java Capital (Proprietary) Limited
Date: 01/04/2008 12:58:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
