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E MEDIA HOLDINGS LIMITED - Trading statement

Release Date: 15/11/2016 11:25
Code(s): EMN EMH     PDF:  
Wrap Text
Trading statement

eMEDIA HOLDINGS LIMITED

(Incorporated in Republic of South Africa)
Registration number: 1968/011249/06
JSE share code: EMH        IZIN: ZAE000208898
JSE share code: EMN        IZIN: ZAE000209524
(“eMedia Holdings” or “the Group”)


TRADING STATEMENT

For the six months ended 30 September 2016, shareholders are advised:

   -   Earnings per share is expected to range between 18.38 and 20.68 cents per share
       (2015: 17.36 cents), which is an increase of between 6% and 19% compared to the
       prior period.
   -   Earnings per share from continuing operations is expected to range between 15.20
       and 16.60 cents per share (2015: 18.98 cents), which is a decrease of between 13%
       and 20% compared to the prior period.
   -   Earnings per share from discontinuing operations is expected to range between
       3.59 and 5.29 cents per share (2015: 1.63 cents loss per share).
   -   Headline earnings per share is expected to range between 13.76 and 15.46 cents
       per share (2015: 17.12 cents), which is a decrease of between 10% and 20% compared
       to the prior period.
   -   Headline earnings from continuing operations is expected to range between 14.90
       and 17.40 cents per share (2015: 19.48 cents), which is a decrease of between 11%
       and 24% compared to the prior period.
   -   Headline losses from discontinuing operations is expected to range between 0.44
       and 1.64 cents per share (2015: 2.37 cents earnings per share), which is a decrease
       of between 31% and 82% compared to the prior period.

The positive increase in earnings per share can be attributed to the recovery in the
market share of the Groups’ core asset, e.tv and the consequent impact it had on
advertising revenue increasing by 11.3% year-on-year. The decrease in headline earnings
per share is due to the once-off gain recognized in the prior period relating to de-
recognition of the share based payment liability resulting from certain share options
that were forfeited.

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 2016 are expected to be
published on or about 23 November 2016.

Johannesburg
15 November 2016

Sponsor
Investec Bank Limited

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