BRIEF-Emedia Holdings Says H1 Hit By COVID-related Impairment Charge

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BRIEF-Emedia Holdings Says H1 Hit By COVID-related Impairment Charge
Credit: © Reuters.

May 21 (Reuters) - Emedia Holdings Ltd EMHJ.J :

* EMEDIA HOLDINGS LTD - NEGATIVELY IMPACTED BY AN IMPAIRMENT OF GOODWILL THAT HAS BEEN NECESSITATED BY EFFECT OF CURRENT COVID-19 PANDEMIC

* EMEDIA HOLDINGS LTD - NEGATIVE IMPACT IS BEING FELT IN FIRST HALF OF 2021 FINANCIAL YEAR

* EMEDIA HOLDINGS LTD - IMPACT OF IMPAIRMENT HAS BEEN FORECASTED FROM LOSS OF ADVERTISING REVENUE IN SOME KEY INDUSTRIES

* EMEDIA HOLDINGS LTD SEES FY LOSS PER SHARE TO RANGE FROM 425 CENTS AND 427 CENTS

* EMEDIA HOLDINGS LTD - LOSS PER SHARE IN CURRENT YEAR CAN BE ATTRIBUTED TO IMPAIRMENT OF GOODWILL WITH A VALUE OF R2 039.9M

* EMEDIA HOLDINGS LTD SEES FY HEADLINE EARNINGS PER SHARE TO RANGE BETWEEN 32 CENTS AND 34.5 CENTS

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