COMPANY RESULTS: Multichoice reports a loss of R2.92 billion for the year.
Loading player...
GUEST - Calvo Mawela - MultiChoice Group CEO
DStv operator MultiChoice has reported a R2.9 billion after-tax loss for its financial year ended on 31 March 2023. This is down from a R2.8 billion profit last year. Although the weak rand weighed heavily on the company, it also blamed load-shedding and other macroeconomic factors for its poor performance. In South Africa, MultiChoice reported a 23% drop in trading profit from R11 billion to R8.4 billion. South African revenue declined by 2% from R35.6 billion to just under R35 billion.
DStv operator MultiChoice has reported a R2.9 billion after-tax loss for its financial year ended on 31 March 2023. This is down from a R2.8 billion profit last year. Although the weak rand weighed heavily on the company, it also blamed load-shedding and other macroeconomic factors for its poor performance. In South Africa, MultiChoice reported a 23% drop in trading profit from R11 billion to R8.4 billion. South African revenue declined by 2% from R35.6 billion to just under R35 billion.
