african media entertainment (AME) Snapshot

African Media Entertainment Ltd. announced reviewed consolidated earnings results for the year ended March 31, 2013. For the period, the company reported revenue of ZAR 216,688,000 compared to ZAR 206,075,000 for the same period a year ago. Operating profit was ZAR 53,374,000 compared to ZAR 49,987,000 for the same period a year ago. Net profit before taxation was ZAR 58,274,000 compared to ZAR 53,896,000 for the same period a year ago. Total comprehensive income attributable to equity holders of the parent was ZAR 37,894,000 compared to ZAR 36,399,000 for the same period a year ago. Earnings per share were 463.8 cents compared to 428.9 cents for the same period a year ago. Headline earnings per share were 463.9 cents compared to 428.9 cents for the same period a year ago. Headline earnings were ZAR 37,900,000 compared to ZAR 36,401,000 for the same period a year ago. Cash generated by operating activities was ZAR 57,707,000 compared to ZAR 52,807,000 for the same period a year ago. The company also reported that the new financial year has started on a reasonably positive note and the board is optimistic that the revenue for the 2014 year will compare favourably with that of the prior year.

African Media Entertainment Ltd. reported unaudited consolidated earnings results for the six months ended September 30, 2012. For the period, the company's revenue was ZAR 96.274 million compared to ZAR 106.005 million a year ago. Operating profit was ZAR 21.42 million compared to ZAR 24.75 million a year ago. Net profit before taxation was ZAR 24.37 million compared to ZAR 26.21 million a year ago. Total comprehensive income was ZAR 17.68 million compared to ZAR 18.68 million a year ago. Total comprehensive income attributable to equity holders of the parent was ZAR 15.73 million or 189.4 cents per diluted share compared to ZAR 16.59 million or 191.4 cents per diluted share a year ago. Headline earnings per share were 189.4 cents compared to 195.2 cents a year ago. Head line profit attributable to equity holders was ZAR 15.73 million compared to ZAR 16.59 million a year ago. Cash generated by operating activities was ZAR 23.63 million compared to ZAR 25.91 million a year ago. Even though the group has faced a challenging six months, especially in the national sales market, the board is cautiously optimistic that the results for the year to March 31, 2013 will reflect an improvement over those of the previous year. The board has declared an interim dividend of 100 cents per ordinary share (gross) for the period ended September 30, 2012. The dividend is subject to the Dividends Withholding Tax that was introduced with effect from April 1, 2012. The record date will be December 14, 2012 and payment will be made on December 18, 2012.

African Media Entertainment Ltd. reported that Navin Sooka, currently a non-executive director of the company, will become an independent non-executive director with effect from October 1, 2012.