eMEDIA HOLDINGS LIMITED - Trading Statement

Release Date: 14/11/2018 15:10
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
The directors of eMedia Holdings Limited hereby advise shareholders that, in
respect of the consolidated financial results for the six months ended 30 September
2018, earnings per share and headline earnings per share are expected to vary by
the percentages and amounts included in the table below:-:

                    30 September 2018   30 September 2018   30 September   30
                    % range between     Between             2017           September
                                                            Restated       2017
                                                                           As
                                                                           previously
                                                                           reported
Continuing
operations:

Earnings per                            6.95 and 7.15       2.41           0.30
share (cents)

Headline earnings                       5.20 and 5.40       2.35           0.14
per share (cents)
Discontinuing
operations:

Loss per share      50% and 53% down    (4.45) and (4.55)   (2.97)         (0.86)
(cents)

Headline loss per   34% and 31% up      (1.90) and (2.00)   (2.90)         (0.69)
share (cents)
Total operations:


Earnings/(loss)                         2.50 and 2.60       (0.56)         (0.56)
per share (cents)

Headline                                3.30 and 3.40       (0.55)         (0.55)
earnings/(loss)
per share (cents)


RESTATEMENT OF PRIOR YEAR FIGURES
During the period under review, operations of Refinery Johannesburg Proprietary
Limited, Moviemart Proprietary Limited and the head office operations of
Silverline Three Sixty Proprietary Limited met the requirements for classification
as a discontinued operation in terms of International Financial Reporting
Standards (IFRS). Earnings per share and headline earnings per share in respect of
the comparative period 30 September 2018 have been restated accordingly.
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 2018 are expected to be
published on or about 23 November 2018.

Johannesburg
14 November 2018

Sponsor
Investec Bank Limited

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