Market players punished MultiChoice on Thursday, sending shares off a cliff in afternoon trade as the group warned of an earnings drop of more than than 100%.
On Thursday, the DStv operator said it financial performance for the year ended March 2023 benefited from “strong subscriber growth, the Rest of Africa returning to profitability, and cost savings exceeding targets.”..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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