Tag: video entertainment
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.
MultiChoice’s first dividend remains on schedule
The video entertainment group says its strong balance sheet will support a maiden dividend at the end of the year. MultiChoice says it remains on track to pay a maiden full-year dividend amounting to R2.5 billion following a strong start to its 2020 financial year. And it's almost halved trading losses at its African operations outside of South Africa as it continues to draw more viewers.
MultiChoice scores with World Cup viewers
The video entertainment business reduced losses from its Rest of Africa operations as it grew subscriber numbers by 17% to 7.7 million.
