Ellies braces for half-year loss
Electronic products manufacturer Ellies expects its loss per share (LPS) for the six months ended October 31 to be between 1.97c and 0.66c a piece – between 85% and 95% higher than the loss per share of 13.10c for the comparable prior year’s period.
The headline loss per share (HLPS) for the period was expected to be between 1.98c and 0.66c, reflecting an up to 95% increase on the HLPS of 13.17c in the six months ended October 31, 2014.
“The above LPS is made up of a loss in the infrastructure division, [despite this business] showing an improvement of between 47% and 57%, and a profit in the consumer and property segment, which improved by between 145% and 155%,” the company said in a trading update on Friday.
Ellies would release its half-yearly results on January 25, 2016.
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