Ellerine Holdings Limited - Turnover Update For Th
ELH
ELH
Ellerine Holdings Limited - Turnover Update For The Four Months Ended December
2005
ELLERINE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/013402/06)
Share code: ELH ISIN: ZAE000022752
("Ellerines" or "the company")
TURNOVER UPDATE FOR THE FOUR MONTHS ENDED DECEMBER 2005
Ellerine Holdings Limited is pleased to report that turnover for the four months
to December 2005 has reflected strong growth. Both the sale of merchandise and
total turnover increased by over 125% when compared to the same period last
year.
This is as a result of the inclusion of the trading results of the newly
acquired Relyant Retail Limited ("Relyant") for the first time, as well as the
Ellerines having taken full advantage of the current buoyant consumer trading
conditions.
On a comparable basis to last year, for continuing operations, merchandise sales
increased by 20%. The traditional Ellerines and Relyant credit and cash retail
divisions recorded an increase in the sale of merchandise of between 20 and 25%,
with Wetherlys recording an increase of 11%. The foreign division however,
continued to experience a difficult trading environment and the sale of
merchandise is down 7% compared to last year.
The Group achieved turnover in the month of December in excess of R1billion for
the first time in its 55 year history.
The integration of the Relyant is progressing well with improved trading results
evident in the first four months of the financial year.
The above information has not been reviewed or reported on by the external
auditors of the Group.
Johannesburg
16 January 2006
Sponsor
Nedbank Capital
Date: 16/01/2006 10:58:38 AM Produced by the JSE SENS Department
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