African Media Entertainment (JSE:AME) News - 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 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. 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