Tag: Subscription Video on Demand (SVOD)
Multichoice Group delivers solid annual results, declares a maiden dividend
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.
