Release Date: 25/03/2015 15:00
Code(s): TMG
Wrap Text
Trading Statement

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”)


                          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 six months ended
31 December 2014, it is expecting to announce earnings of 82 cents per share
(2013: 375 cents per share), being a decrease of 78,1% from the previous corresponding
period and is expecting to announce headline earnings of 67 cents per share
(2013: 196 cents per share), being a decrease of 65,8% from the previous corresponding

The results for the six months ended 31 December 2013 included sizeable profits on
disposals and a large gain arising from a reduced post-retirement medical aid liability,
which do not re-occur in the results for the six months ended 31 December 2014.

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

TMG’s interim financial results are scheduled to be released on or about Monday,
30 March 2015.

25 March 2015

PSG Capital

Date: 25/03/2015 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story