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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.
Earnings and headline earnings per share for the year ended 31 March 2021 is expected
to vary from those reported in the prior year ended 31 March 2020 within the following
ranges:
Measure 31 March 2021 31 March 2021 Restated* 31 As previously
Expected range expected% YoY March 2020 reported 31
cents per share movement cents per share March 2020
cents per share
Earnings per 14 and 18 103.29 – 104.23 -425.94 -425.94
share will
increase to a
profit per
share
Earnings per 19 and 27 104.49 – 106.38 -423.47 -424.31
share from
continuing
operations,
will increase
to a profit per
share
Loss per share -6.55 and -7 165.18-183.38 -2.47 -1.63
from
discontinuing
operations,
will increase
Headline 14 and 18 -58.01—46.01 33.34 33.34
earnings per
share will
decrease
Headline 20 and 27 -43.13—23.23 35.17 34.34
earnings per
share from
continuing
operations,
will decrease
Headline loss -6.7 and -7.05 266.12-285.24 -1.83 -1
per share from
discontinuing
operations,
will increase
*Prior year restated to account for the impact of discontinued operations of Silverline
Studios
The eMedia Holdings group has had a very good year given the very tough economic climate
brought upon the entire world by the COVID-19 pandemic. The increase in the earnings per
share and earnings per share from continuing operations are due to the significant write
off of goodwill in the prior year.
The group did show a decline in headline earnings per share both continuing and
discontinuing, this was on the back of a total television advertising market that has
declined by 15.70% or close on R700 million and a film market that came to a standstill
during the pandemic. The impact of the pandemic was especially felt by the Group in the
first part of the financial year but the second half of the year saw the Group perform
better than prior year and better than the targets that were set. In general, the group’s
media sales team performed better than the market throughout the year and in the last
six months outperformed the prior year almost every month. For no further write-off in
goodwill to occur shows how strong the group ended the year despite the pandemic
continuing to plague the country.
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 2021 are scheduled to be published on
or about 28 May 2021.
Johannesburg
14 May 2021
Sponsor
Investec Bank Limited
Date: 14-05-2021 05:45:00
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