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”)
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.
Earnings and headline earnings per share for the year ended 31 March 2020 is expected
to vary from those reported in the prior year ended 31 March 2019 within the following
Measure 31 March 2020 Restated* 31 As previously
Expected range March 2019 reported 31
cents per share cents per share March 2019
cents per share
Earnings per -425 and -427 10.85 10.85
decrease to a
loss per share
Earnings per -422 and -425 18.88 16.12
to a loss per
Loss per share -2 and -3 -8.03 -5.27
Headline 32 and 34.5 13.45 13.45
Headline 34 and 37 18.59 15.83
Headline loss -1.6 and -2 -5.14 -2.38
per share from
*Prior year restated to account for the impact of discontinued operations of Jacana
Media, Crystalbrook Distribution and Niveus 13
The loss per share in the current year can be attributed to the impairment of goodwill
with a value of R2 039.9m. The goodwill was initially recognised upon the acquisition
of eMedia Investments Proprietary Limited in the year ended 31 March 2014.
The Group’s performance has been negatively impacted by an impairment of goodwill that
has been necessitated by the effect of the current COVID-19 pandemic. The negative
impact is being felt in the first half of the 2021 financial year due to the continued
lockdown and slow restart to economic activity and has been factored into the results
being published currently. The impact of the impairment has been forecasted from the
loss of advertising revenue in some key industries such as fast foods, alcohol, the
motor industry as well as the negative impact on the exchange rate.
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 2020 are scheduled to be published on
or about 29 May 2020.
21 May 2020
Investec Bank Limited
Date: 21-05-2020 11:39:00
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