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Trading Statement
eMEDIA HOLDINGS LIMITED
(Incorporated in Republic of South Africa)
Registration number: 1968/011249/06
JSE share code: EMH ISIN: ZAE000208898
JSE share code: EMN ISIN: ZAE000209524
(“eMedia Holdings” or “the Group”)
TRADING STATEMENT
In terms of section 3.4 (b) of the JSE Limited Listings Requirements, companies are
required to publish a trading statement as soon as they are reasonably certain that the
financial results for the current reporting period will be more than 20% different than
that of the previous corresponding period.
Earnings and headline earnings per share for the period ended 30 September 2022 is
expected to vary from those reported in the prior period ended 30 September 2021 within
the following ranges:
Measure 30 September 30 September 30 September As previously
2022 2022 Range% 2021 reported 30
Expected range Between cents per September 2021
cents per share share* cents per share
Earnings per 20 and 23 -16.55 and 27.56 27.56
share will -27.43
decrease to a
profit per
share
Earnings per 21 and 23 -15.94 and 27.36 28.00
share from -23.25
continuing
operations,
will decrease
to a profit per
share
Earnings per -0.09 and -0.13 -145 and -165 0.20 -0.44
share from
discontinuing
operations,
will decrease
Headline 20 and 23 -18.56 and 28.24 28.24
earnings per -29.18
share will
decrease
Headline 20 and 23 -17.97 and 28.04 28.68
earnings per -28.67
share from
continuing
operations,
will decrease
Headline -0.09 and -0.13 -145 and -165 0.20 -0.44
earnings per
share from
discontinuing
operations,
will decrease
*Restated due to discontinued operations
The first six months of the financial year has seen an increase in the intensity of
load shedding across South Africa. This has had a direct impact on the “number of
eyeballs” that has watched television with the Average Minute Rating (AMR) decreasing
by 16.5% when compared to the period ended 30 September 2021. The AMR for the e.tv
channel decreased by 5% for the same period showing that the increased market share
has assisted the Group.
The decrease in AMR has however had an impact on an already depressed economy with
many key advertisers reducing spend. This together with the negative impact of the
rand/dollar exchange rate, as well as the continued legal battle on analogue switch-
off and taking Multichoice South Africa to the Competition Commission in relation to
the removal of four entertainment channels off its bouquet, had a direct impact on the
decrease of earnings for the Group.
Despite the above factors the Group has started the financial year satisfactory,
posting acceptable results. This is on the back of the Group’s concentrated effort to
improve its market share and thereby its audience.
The financial information on which this trading statement is based has not been
reviewed or reported upon by the Group’s auditors.
The Group’s results for the six months ended 30 September 2022 is expected to be
published on or about the 24th of November 2022.
Johannesburg
16 November 2022
Sponsor
Investec Bank Limited
Date: 16-11-2022 02:27:00
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