Shares in African Media Leisure (AME), whose portfolio consists of Moneyweb and radio stations, lifted greater than 5% on Friday, when it reported some market share features and an increase in its full-year dividend of 1 / 4.
Income rose 7% to virtually R269 million within the 12 months to end-March, the corporate stated, with a deal with value management serving to headline earnings rise 25% to R36.5 million. The corporate upped its complete dividend by 1 / 4 to R3.50.
Valued at virtually R220 million on the JSE, AME owns radio stations akin to Algoa FM, in addition to specialist radio gross sales agency United Stations and advertising and content material producer MediaHeads 360.
The corporate stated on Friday its United Stations enterprise continued to develop its market share and enhance advertiser demand throughout its full portfolio of media platforms, by “aggressively leveraging the numerous advertising instruments at its disposal, together with occasions, streaming, activations, content material and advertising providers”.
Algoa FM produced “glorious outcomes” and its core revenue returned to pre-pandemic ranges, with internet radio income ending the 12 months 12% above price range.
“This efficiency was achieved regardless of a magnitude of circumstances such because the extreme water disaster, failing municipal infrastructure, disruptive energy outages and rising inflation, which was additional exacerbated by the state of catastrophe, which was solely lifted throughout April of 2022,” it stated.
Moneyweb noticed income progress of 8% 12 months on 12 months, however its efficiency was beneath expectations, with the AME saying it was specializing in including extra various income fashions to complement the present promoting and subscription streams.
Shares in AME had been up virtually 5% on Friday morning however have nonetheless misplaced greater than 13% within the 12 months to this point.
