Wrap Text
Interim results for the six months ended 30 September 2021
African Media Entertainment Limited
Registration number 1926/008797/06
JSE code: AME ISIN: ZAE 000055802
UNAUDITED INTERIM RESULTS
for the six months ended 30 September 2021
African Media Entertainment Limited, a broadcast company listed in the Media and Entertainment sector of
the Johannesburg Stock Exchange, with a radio footprint across central South Africa and the Eastern Cape,
released its results for the six months ended 30 September 2021.
Revenue Up 28% at R116,0 million
Operating profit Up >100% to R12,0 million
Net profit before tax Up >100% to R14,9 million
Profit attributable to equity holders Up >100% to R7,8 million
Headline earnings Up >100% to R7,7 million
EPS Up >100% to 98,0 cents
HEPS Up >100% to 97,3 cents
Dividend Up 80,0 cents gross (September 2020: nil)
During the period under review, revenue recovered by 28% from R90,7 million in September 2020 to
R116 million in September 2021. The positive recovery is due to the comparative period being in the peak of the
COVID-19 pandemic which resulted in diminished group revenue.
Profit attributable to equity holders increased from R518 000 to R7,8 million which resulted in an increase in
earnings per share from 6,5 cents in September 2020 to 98,0 cents in September 2021.
Based on the recovery in performance in the current period, an interim dividend of 80 cents per share was
declared (September 2020: Nil)
This short-form announcement is the responsibility of the board of directors. The short form announcement is
only a summary of the information in the full announcement released on SENS on 24 November 2021 and does
not include full or complete details. The information contained in this announcement has not been reviewed
or reported on by the company's auditors. The full announcement can be found on the company's website at
www.ame.co.za and can also be accessed using the following JSE link:
https://senspdf.jse.co.za/documents/2021/JSE/ISSE/AME/AMEIR2021.pdf
Declaration of interim dividend no 17
The board resolved to declare a dividend (dividend no.17) of 80,00 cents per ordinary share (gross) for the
interim period ended 30 September 2021.
The dividend is subject to the Dividends Withholding Tax ("DWT") that was introduced with effect from
1 April 2012.
In accordance with the provisions of the JSE Listings Requirements the following additional information is disclosed:
- the dividend has been declared out of distributable retained profit;
- the local Dividend Tax rate is 20%;
- the gross dividend amount is 80,00 cents per ordinary share for shareholders exempt from DWT;
- the net dividend amount is 64,00 cents per share for shareholders liable for DWT;
- the company has 7 878 126 ordinary shares in issue ; and
- the company's income tax reference number is 9100/169/71/4.
The following dates are applicable to the dividend:
Last date to trade in order to be eligible for the dividend: Monday, 13 December 2021
Date trading commences ex-dividend: Tuesday, 14 December 2021
Record date: Friday, 17 December 2021
Date of payment to shareholders: Monday, 20 December 2021
Share certificates may not be dematerialised/rematerialised between Tuesday, 14 December and Friday,
17 December 2021, both days inclusive.
Copies of the full announcement may also be requested at the company's registered office, at no charge, during
office hours. Any investment decision should be based on the full announcement published on SENS and on
the company's website.
The condensed unaudited consolidated interim financial statements for the six months ended 30 September 2021
have not been reviewed and reported on by the company's external auditors, BDO South Africa Incorporated.
By order of the board
ACG Molusi AJ Isbister
Independent Non-executive Chairman Financial director
24 November 2021
Independent non-executive directors
ACG Molusi (Chairman)
MA Da Costa
J Edwards
MJ Prinsloo
KW Thipe
Executive directors
DM Tiltmann (Chief Executive)
AJ Isbister (Financial director)
Company secretary
C Roberts
Registered office
Block A, Oxford Office Park
No. 5, 8th Street
Houghton Estate
Johannesburg, 2198
(PO Box 3014, Houghton, 2041)
Sponsor
AcaciaCap Advisors (Proprietary) Limited
Transfer secretary
Computershare Investor Services (Proprietary) Limited
Auditors
BDO South Africa Incorporated
www.ame.co.za
Date: 24-11-2021 03:20:00
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