eMEDIA HOLDINGS LIMITED - Trading Statement

Release Date: 18/05/2018 14:50
Code(s): EMN EMH
 
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

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.

For the year ended 31 March 2018, shareholders are advised:

   -   Loss per share is expected to range between 354.20 and 356.20 cents per share
       (2017: 23.52 cents earnings per share).
   -   Loss per share from continuing operations is expected to range between 354.00 and
       352.00 cents per share (2017: 14.51 cents earnings per share).
   -   Loss per share from discontinuing operations is expected to range between 2.00
       and 2.40 cents per share (2017: 9.02 cents earnings per share).
   -   Headline loss per share is expected to range between 2.80 and 4.80 cents per share
       (2017: 22.01 cents earnings per share).
   -   Headline loss from continuing operations is expected to range between 0.55 and
       1.20 cents per share (2017: 18.35 cents earnings per share).
   -   Headline loss from discontinuing operations is expected to range between 2.60 and
       3.20 cents per share (2017: 3.66 cents earnings per share).

The losses per share can be significantly attributed to the impairment of goodwill
recognised upon the acquisition of eMedia Investments Proprietary Limited in the year
ended 31 March 2014.

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 year ended 31 March 2018 are scheduled to be published on
or about 23 May 2018.

Johannesburg
18 May 2018

Sponsor
Investec Bank Limited

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