JSE-listed television equipment provider Ellies says earnings will be about double in the first half of the year, compared with 2011.
The information is contained in a revised trading update and sent Ellies shares 1.79% ? or 12c - higher to close at 684c yesterday. The JSE's All Share index gained 0.59%.
Ellies, which is gearing up to benefit from retail distribution of set-top boxes when digital television eventually goes live, says earnings and headline earnings per share for the six months to October are expected to be between 90% and 110% higher.
It previously said both headline and earnings per share would grow by at least 80% in the six months to October.
In the first half of last year, Ellies reported revenue of R721 million and said basic earnings per share came in at 21.01c, while headline earnings per share was 20.98c.
For the full year to April, Ellies reported a revenue gain of 30%, to R1.7 billion, although net profit leapt 74.5%, to R116 million. The company ended the year with R142 million in the bank, a gain on last year's R25 million, and declared a 10c a share dividend.
Its results should be published on 22 January.
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