EMN EMH 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 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 reported Continuing operations: (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% Discontinuing operations: 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% RESTATEMENT OF PRIOR YEAR FIGURES 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. Johannesburg 17 November 2020 Sponsor Investec Bank Limited Date: 17-11-2020 04:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
17 Nov 2020