eMedia said its results are “satisfactory” considering the challenges of load-shedding, the Hollywood actor’s strike, and its legal battle with MultiChoice.
eMedia has released its financial results for the year ended 31 March 2024, revealing a decline in revenue and net profit thanks to load-shedding, the actors’ strike, and its battle with MultiChoice.
“The actors and writers’ strike in Hollywood at the beginning of the financial year also had a severe negative impact on one of the subsidiaries in the Group, Media Film Service, which made R31.5 million less in profit after tax when compared to the prior year,” it said. At the same time, its net profit figure dropped from R377.7 million in 2022/23 to R333.9 million in 2023/24, representing a decline of 11.6%.
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