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TIMES MEDIA GROUP LIMITED - Trading Statement

Release Date: 23/09/2013 14:49
Code(s): TMG     PDF:  
Wrap Text
Trading Statement

TIMES MEDIA GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number: 2008/009392/06
Share code: TMG
ISIN code: ZAE000169272
(“Times Media Group” or “TMG” or “the Company”)

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                          TRADING STATEMENT
________________________________________________________________________


In terms of the Listings Requirements of the JSE Limited, a listed company is required to
issue a trading statement once it is satisfied that a reasonable degree of certainty exists
that the financial results for the period to be reported upon next will differ by at least 20%
from the financial results for the previous corresponding period.

Accordingly, the Company advises that, in respect of the twelve months ended
30 June 2013, it is expecting to announce a loss of 11 cents per share (2012: 44 cents
earnings per share) and headline earnings of 17 cents per share (2012: headline earnings
of 33 cents per share).

The results for the twelve months ended 30 June 2013 include various exceptional
charges and profits on asset disposals, of which certain items are added back in the
determination of headline earnings.

The financial information on which this trading statement is based has not been reviewed
or reported on by the Company’s auditors.

TMG’s annual financial results are scheduled to be announced on or about Friday,
27 September 2013.


23 September 2013
Johannesburg

Sponsor
PSG Capital

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