South Africa's only commercial free-to-air TV channel e.tv, which belongs to Sabido, has made significant growth in audience viewership as well as audience share the past year.
Meanwhile Sabido's 24-hour South African TV news channel eNCA (DStv 403) continues to show strong growth as well thanks in large part to MultiChoice's robust growth of DStv Compact subscribers.
e.tv had 16.5 million viewers by June 2012.
Sabido is reporting a 12.4% rise in revenue to R2.12 billion for the financial year ending at the end of March 2013, up from R1.88 billion in the previous financial year. Remgro has a 31.6% stake in Sabido which is the holding company which runs e.tv, eNCA as well as other media properties and interests.
Although advertising sales on e.tv and eNCA (as well as the other media entities owned by Sabido) are under pressure, programming and operating costs are remaining relatively stable.
e.tv has managed to significantly increase its audience ratings and audience share since the second half of 2012.
Meanwhile eNCA continues to benefit from the subscriber growth of the DStv platform the 24-hour TV news channel is available on, especially the strong growth of the DStv Compact bouquet and remains the premier news channel on DStv.
Sabido has contributed a significant R148 million to Remgro's headline earnings for the financial year.
