MultiChoice expects profit increased by at least R700m

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

South Africa Headlines News

The group attributed the results to improved trading performance and not having the burden of the non-recurring empowerment transaction cost

Africa’s largest pay-TV operator MultiChoice said on Friday that it expects to report an increase in profits of R700m for the year to end-March 2020.

Headline earnings per share for the period is expected to be between 460c and 500c higher than the prior year’s headline loss per share of 353c. The group attributed the results to an improvement in trading performance. In addition, MultiChoice did not have the burden of the non-recurring empowerment transaction cost, which had been incurred in the prior year, weighing on earnings this time around.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

VusiSambo mmmm...., very comfortable for you😊😊

Busy calling for DstvMustFall yet keeping your subscriptions.. typical

VusiSambo What is the status of the digital migration?

As soon as I can get the Premier League online I'm cutting my DStv.

VusiSambo Monopoly has been good for them... Nice one laundering money (R150 million p/a) to ANC through ANN 7 guys! R150 million of that is a saving on bribes this year. Add the R11 million saved toHlaudi and it adds up quickly.

Repeats is a great business

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Covid-19 claims 848 lives in SA as infections reach 40,792Health minister Zweli Mkhize said the number of Covid-19 cases had increased to 40,792 on Thursday - an increase of 3,267 cases in 24 hours.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

AKA weighs in on Zulu King’s increased budget: I don’t think you’ll find Zulu people complainingAKA doesn't think King Goodwill Zwelithini’s followers mind the budget increase at all ... I don't see why the Zulu king is rated above other kings. He apologized to the sizwe 3 weeks back now is starting something big than that mxm this leetie is smoking his socks When I was still young, one of the most distressing things happened. I started finding out more about the entertainers I liked. I thought, 'If they could do this, then they must be hella smart.' But they aren't hella smart and that made me sad.🥲
Source: TimesLIVE - 🏆 28. / 59 Read more »

JSE gains while focus shifts to US labour dataAccording to a Trading Economics consensus, the US is expected to have slashed eight-million jobs
Source: BDliveSA - 🏆 12. / 63 Read more »

SA Rugby makes modest profitCEO confirms that the pandemic has torn up their budget plans but that the governing body ‘will walk from the burning building still intact’
Source: BDliveSA - 🏆 12. / 63 Read more »

SA Rugby posts profit to ‘walk from the burning building intact’While his organisation reported a profit at their annual general meeting on Wednesday‚ SA Rugby chief executive Jurie Roux conceded Covid-19 enforced austerity measures will be painful for all rugby businesses.
Source: TimesLIVE - 🏆 28. / 59 Read more »

WATCH | Could water purification tablets help Joburg taxis fight off Covid-19?Cadena SA, a non-profit organisation, has introduced a safe and cost-effective way to sanitise taxis. Drove on my way to work the taxi with people was so over cramped it wasn't funny seeing as a police car was driving next to him.I honestly cannot understand why taxi do crime of speeding and reckless driving like shit but you just light a cigarette the shit will hit the fan.
Source: TimesLIVE - 🏆 28. / 59 Read more »