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Unaudited Interim Results for the Six Months Ended 30 September 2024 and Declaration of Dividend No 23
African Media Entertainment Limited
Registration number 1926/008797/06
JSE Code: AME ISIN Number: ZAE 000055802
("the company")
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
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, the Eastern Cape and Garden
Route, has pleasure in releasing its results for the six months ended 30 September 2024.
Revenue Up 8% at R 154.2 million
Operating profit Up 23% to R 24.3 million
Net profit before tax Up 13% to R 28.9 million
Profit attributable to equity holders Up 19% to R 17.3 million
Headline earnings Up 18% to R 17.1 million
EPS Up 20% to 249.8 cents
HEPS Up 19% to 246.9 cents
Dividend Up 20% to 120 cents gross (Interim 2023: 100 cents gross)
During the period under review, the group was able to improve its performance in comparison to the comparative
reporting period ended 30 September 2023 which was mainly driven by the renewed revenue initiatives implemented and
growth in market share. For the period ended 30 September 2024, group revenue increased by 8% to R154.2 million
from R143.1 million. As a result, operating profit improved by 23% to R24.3 million from R19.8 million in September 2023.
An interim dividend of 120 cents per share has been declared (Interim 2023: 100 cents gross).
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 29 November 2024 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/2024/JSE/ISSE/AME/AMEIR2024.pdf
Declaration of interim dividend no 23
The board has resolved to declare a dividend (dividend no.23) of 120 cents per ordinary share (gross) for the interim
period ended 30 September 2024.
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 current profits available for distribution;
* the local Dividend Tax rate is 20%;
* the gross dividend amount is 120 cents per ordinary share for shareholders exempt
from DWT;
* the net dividend amount is 96 cents per share for shareholders liable for DWT;
* the company has 6 929 577 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: Tuesday, 17 December 2024
Date trading commences ex-dividend: Wednesday, 18 December 2024
Record date: Friday, 20 December 2024
Date of payment to shareholders: Monday, 23 December 2024
Share certificates may not be dematerialised/rematerialised between Wednesday,
18 December 2024 and Friday, 20 December 2024, 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 2024 have
not been reviewed and reported on by the company's external auditors, Forvis Mazars.
By order of the board
ACG Molusi AJ Isbister CA(SA)
Independent Non-executive Chairman Financial Director
29 November 2024
Directors Registered office
Non-executive directors: AME Office Park
ACG Molusi (Chairman)* No. 5, 8th Street
DS Qocha* Houghton Estate
J Edwards* Johannesburg, 2198
MA Da Costa* (P.O. Box 3014, Houghton, 2041)
MJ Prinsloo*
KW Thipe* www.ame.co.za
RCH Fedder
SN Ngobese* Sponsor
* independent AcaciaCap Advisors (Pty) Ltd
Executive directors: Transfer secretary
AJ Isbister CA(SA) (Financial Director) Computershare Investor Services (Pty) Ltd
DM Tiltmann (Chief Executive)
Company secretary:
C Roberts CA(SA)
Date: 29-11-2024 07:30:00
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The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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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.
