The Ellies Electrical brand will live on after SMD Technologies acquired it.
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Although Ellies Holdings is facing liquidation, the group’s underlying businesses could yet be saved.
Ellies Electronics has received buyout offers from unnamed third parties that its CEO believes could save the company.
Ellies has unpacked in detail how shifting customer behaviour hurt its 2022 financial results and why it’s gearing up to pivot the business in a new direction.
JSE-listed Ellies Electronics has decided to apply to the high court for the liquidation of its manufacturing subsidiary, Ellies Industries, which employs 148 people.
Promoted l Ellies’ interim financial results for the six months to 31 October 2020 are evidence that the turnaround strategy is working.
Ellies Holdings reported a sharp turnaround in its fortunes in the six months to 31 October 2020, turning in headline earnings per share of 2.56c against a loss a year ago of 2.91c.
As it moves beyond a difficult turnaround, one of the key focus areas for JSE-listed Ellies Holdings is a planned launch, in the coming weeks, of solutions that will take it into the home solar market at scale.
The future of JSE-listed electronics and technology group Ellies is in some doubt after it warned this week that Covid-19 has cast “material uncertainty” over its ability to continue as a going concern.
Promoted | Vox has entered into a business partner agreement with Ellies as part of a commitment by both companies to actively work together in expanding their respective product and solutions portfolios.