eMedia Holdings has released its interim results for the six months ended 30 September 2018.
eMedia is the parent of eTV, eNCA, and Openview.
The company stated that it showed a profit from continuing operations of R48.4 million for the period – compared to a profit of R18.8 million in the prior period.
“Revenue reflected an increase of 5.3% ending the period on R1.2 billion, despite the tough economic conditions,” said the company.
As part of the results, the company stated that Openview set-top box activations reached 1.432 million as of September, compared to 1.008 million in the prior period.
It said that the market share of eTV has also remained “fairly constant”, but has seen an increase in a key revenue driver – LSM 8 to 9. This went up from 11.80% market share to 13.90% market share.
Another interesting piece of information from the results is that eNCA dominates the news scene on DStv.
“eNCA continues to perform well and continues to be the most watched 24-hour news station on DStv with over 50% market share,” said the company.
“Advertising revenue in eNCA still shows good growth, ending the period on R57 million, up 10% from R52 million in the previous year.”