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Release Date: 17/11/2020 16:49
Code(s): EMN EMH     PDF:  
Wrap Text
Trading Statement

(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”)


The directors of eMedia Holdings Limited hereby advise shareholders that, in
respect of the consolidated financial results for the six months ended 30 September
2020, earnings per share and headline earnings per share are expected to vary by
the amounts included in the table below:

The biggest impact on the interim results of the Group is due to the impact the
COVID-19 pandemic has had on the advertising revenue of the Group. Both Television
and Radio advertising revenue has been severely impacted by the various lockdowns
both internationally and locally. Year-on-year the television advertising cake has
shown a decrease in excess of 30% whilst the Group has shown a decrease of 20% and
has only slightly recovered in the last 2 months with decreases of less than 20%.
Radio has followed a similar trajectory. This being the major source of revenue for
the Group has had the biggest impact on results. The rest of the Group had a
particularly tough time as most of the entities deal with international production
houses and with lockdown and the international travel ban in place there was
virtually no revenue earned by these entities.

                           30           30        30 September        30
                       September    September    2019 Restated    September
                          2020         2020                         2019 –
                         Range%      Between                     previously
(Loss)/earnings per     Decrease    (1) and 2        15.92         15.71
share (cents)         between 87%
                         - 106%
Headline earnings       Decrease    0.5 and 2        15.92         15.70
/(loss) per share     between 87%
(cents)                   - 97%
Loss per share          Decrease    (2.18) and      (1.13)         (0.91)
(cents)               between 93%     (2.40)
                          - 112%
Headline loss per       Decrease     (1.577)        (0.49)         (0.26)
share (cents)            between       and
                      222% - 242%    (1.675)
Total operations:

(Loss)/Earnings per     Decrease    (1.8) and        14.80         14.80
share (cents)         between 93%       1
                         - 112%
Headline (loss)/        Decrease    (1.5) and        15.44         15.44
earnings per share    between 92%      1.2
(cents)                  - 110%

During the period under review, the operations of Silverline Studios 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 2019
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 2020 is expected to be
published on or about 19 November 2020.

17 November 2020

Investec Bank Limited

Date: 17-11-2020 04:49:00
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