MultiChoice reports 68% rise in half-year profit

Africa’s largest pay-TV group MultiChoice on Thursday reported a 68% rise in its half-year profit, which it attributed to an improvement in its trading performance and lower foreign exchange losses.

The company’s headline earnings per share – the main profit measure in South Africa – for the six months to September 30 stood at 572 cents ($0.3654), in the middle of its forecast range.

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Source: moneyweb.co.za