COMPANY RESULTS - MultiChoice reports R911 million loss in latest interim results
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GUEST – Calvo Mawela – Multichoice Group (CEO)
DStv-owner MultiChoice reported a significant loss for the six months of the financial year, pointing to an uphill battle to turn the company around. MultiChoice’s results for the six months ended 30 September 2023 revealed a loss of R911 million, a massive decline from the R55 million profit over the same period last year. In South Africa, the company’s subscriber growth was negatively impacted by the decision to end the short-term campaigns run in the prior year to support customers during load-shedding.
DStv-owner MultiChoice reported a significant loss for the six months of the financial year, pointing to an uphill battle to turn the company around. MultiChoice’s results for the six months ended 30 September 2023 revealed a loss of R911 million, a massive decline from the R55 million profit over the same period last year. In South Africa, the company’s subscriber growth was negatively impacted by the decision to end the short-term campaigns run in the prior year to support customers during load-shedding.
