Elvey continues to show steady increase in profits.

October 99 Surveillance

Elvey International, the major trading company within the Elvey Group which listed under the abbreviated name Elsec in the Electronics & Electrical sector of the JSE on 20 May has shown pleasing results for the year ended June 1999. Elvey is a one-stop service and product provider to the electronic security industry with a dominant market share and an extensive range of specialised products distributed on an exclusive basis.

The group achieved highly satisfactory results with turnover increasing by 29% and headline earnings up 49%. Turnover increased from R62 265 million for the year 1998 to R80 434 million for the year ended June 1999. Headline earnings increased from R3156 million for the year ended 1998 to R4707 million for the year ended June 1999.

Jack Edery, Elvey's Financial Director, attributes this increase to "conservative control of expenses, together with the dynamic marketing of products and services. In the five financial years from June 1994 to June 1998, net profit after tax increased by a remarkable percentage of 1168%. The latest audited figures show this trend continuing.

"New products and services distributed throughout the year included new models from various suppliers which set new benchmarks of price competitiveness, user-friendliness, as well as reporting capability and reliability. These helped to entrench the company's leadership position and increase market share," commented Edery.

"Apart from expanding our product range, Elvey International also formed a number of strategic alliances with local manufacturers of electronic security products which use Elvey's competent network to support and distribute its software-based electronic security products."

Imminent developments in the SmartWater range of forensic marking products, supported and distributed by Elvey International, are expected to contribute further to bottom line profits.

The security industry worldwide is poised for future growth and Elvey has taken advantage of this through Alarm Supplies, a company within the Elvey group, focused on managing franchise operations established with partners in Africa. To date, franchise operations have been established in Zimbabwe and Zambia. The Zimbabwean franchised produced record figures, trebling turnover in the year ended June 1999. The operation in Zambia, which began trading in January of this year, managed to return a healthy profit, making a solid contribution to the group's bottom line growth.

For details contact Paul Wainstein of Elvey Security tel: (011) 401 6700 or fax: (011) 401 6753.

Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

Pentagon appointed as Milestone distributor
Elvey Security Technologies News & Events Surveillance
Milestone Systems appointed Pentagon Distribution (an Elvey Group company within the Hudaco Group of Companies) as a distributor. XProtect’s open architecture means no lock-in and the ability to customise the connected video solution that will accomplish the job.

Empowering cities with intelligent security solutions
Secutel Technologies Surveillance IoT & Automation
By leveraging advanced AI analytics, real-time data collection, and seamless integration capabilities, cities can address pressing security challenges and create a safer environment for residents.

Re-imagining business operations with the power of AI
AI & Data Analytics Surveillance
inq., a Convergence Partners company, has introduced a range of artificial intelligence (AI) solutions to assist organisations across industry verticals in optimising business operations and improving internal efficiencies.

Eight MP dome for harsh environments
Axis Communications SA Surveillance Products & Solutions
Axis Communications announced a marine-grade stainless steel camera that offers performance in harsh environments. Enclosed in an electropolished stainless steel casing, it can withstand the corrosive effects of seawater and cleaning chemicals.

Enhance control rooms with surveillance and intelligence
Leaderware Editor's Choice Surveillance Mining (Industry)
Dr Craig Donald advocates the use of intelligence and smart surveillance to assist control rooms in dealing with the challenges of the size and dispersed nature common in all mining environments.

Advanced security solution for high-risk areas
Secutel Technologies Surveillance Integrated Solutions
The need for a sophisticated intrusion detection system is paramount when faced with persistent security challenges, particularly in isolated battery rooms or high-risk areas prone to vandalism, cable theft, and battery theft.

Hikvision’s top seven trends for the security industry in 2024
Hikvision South Africa News & Events Surveillance AI & Data Analytics
As we embrace technological innovation, and adapt to evolving societal needs, we are witnessing the convergence of advanced technologies like artificial intelligence (AI), the Internet of Things (IoT), and big data.

inq. SA unveils AI, IoT solutions for the digital age
AI & Data Analytics Surveillance
inq. has announced the launch of an extensive Edge Artificial Intelligence (AI), Internet of Things (IoT), and the Edgedock data insights value proposition to transform business operations across various sectors.

ONVIF releases first add-on for secure communications
Surveillance Training & Education
ONVIF has released the final version of the TLS Configuration add-on to increase the security of communications between devices and software clients within a physical security system.

2024 Trends in Video Surveillance report
Surveillance AI & Data Analytics
AI in video surveillance tops Eagle Eye Networks 2024 trends report; this year’s list also includes affordable professional video monitoring, workplace security upgrades, licence-plate recognition for HOAs, and sustainable security.