Tag: financial results

In the second half of the year, the Group made significant progress delivering on its strategic priorities, positioning it well for long-term value creation. The ongoing open ended repurchase programme is creating significant value for shareholders and actions taken in H2 to streamline operations have improved profitability. The Group has increased confidence in achieving its H1 2025 profit ambition, while continuing to deliver high growth.

Until now, reporting non-financial information on tax has largely been voluntary, but many guidelines do exist and companies that are taking the lead are doing so by providing disclosure and explanatory narratives far beyond the statutory requirements.

MultiChoice has released interim results for the six months ended September 2021. The big news of course is that sport is back on TV. You can only watch so many Come Dine With Me reruns before craving a bit of Springbok or Protea action. Events like Euro and the Tokyo Olympics added to an action-packed period.

The JSE has identified focus areas for listed companies to consider when raising capital to weather the COVID-19 crisis, including the amount of information they need to disclose. Over the last few months, many issuers have approached investors to raise capital to weather the COVID-19 storm or are in the process of doing so.

Africa’s leading video entertainment company, MultiChoice Group (MCG, or the Group) delivered solid financial results for the year ended 31 March 2020 (FY20). Highlights include 38% growth in core headline earnings to R2.5bn, with consolidated free cash flow increasing by 59% to R5.2bn, driven mainly by an improvement in the trading results from the Rest of Africa (RoA), a focus on cost containment and a reduction in working capital.