MultiChoice says profit has taken a hit of more than 40% after foreign exchange losses
Higher operating costs offset subscriber growth, a strong recovery in advertising revenue and cost cuts
08 November 2021 - 20:10
Shares in MultiChoice dipped more than 3% in intraday trade on Monday as the pay-TV operator said it expects earnings to drop for the six months to end-September, driven in part by higher operating costs.
The group, which owns and operates DStv, expects earnings per share for the current period to be between 42% and 47% lower than in the previous corresponding period, or between 241c and 269c lower than 573c previously. ..
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now