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DStv operator Multichoice has published its interim results for the six months ending 30 September 2022.
The group reported group revenue up 7% to R28.65 billion for the period, with operating profits up 6% to R6.2 billion.
However, it posted a headline loss of R248 million – loss per share of 60 cents – owing to net foreign exchange translation losses of about R3 billion attributable to the weaker rand.
The group’s earnings and cash flows for the interim period were also adversely impacted by an outsized investment in decoders ahead of the upcoming 2022 FIFA World Cup, it said.
The group reported group revenue up 7% to R28.65 billion for the period, with operating profits up 6% to R6.2 billion.
However, it posted a headline loss of R248 million – loss per share of 60 cents – owing to net foreign exchange translation losses of about R3 billion attributable to the weaker rand.
The group’s earnings and cash flows for the interim period were also adversely impacted by an outsized investment in decoders ahead of the upcoming 2022 FIFA World Cup, it said.
