Ellies Electronics has received buyout offers from unnamed third parties that its CEO believes could save the company.
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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.
GloCell has agreed to “cede” its Cell C contract customer base to the mobile operator. GloCell was appointed as service agent for Cell C customers that were migrated from Altech Autopage in 2016