MultiChoice expects FY loss per share but higher core HEPS

Wednesday 12 June 2019 | 09:36 CET | News

The MultiChoice group said it expects a loss per share for the year ended 31 March at between ZAR 6.73 and ZAR 7.39 lower than last year's reported earnings per share of ZAR 3.32. The headline loss per share for the current period is expected to be between ZAR 7.24 and ZAR 8.00 lower than the prior year's reported headline earnings per share of ZAR 4.10.

The loss per share and headline loss per share were affected by the one-off equity-settled, share-based compensation charge recognised on the disposal of a 5 percent stake in MultiChoice South Africa Holdings to black investment group Phuthuma Nathi (PN) for no consideration. This is expected to reduce EPS and HEPS by ZAR 4.38

The depreciation of the rand against the US dollar has led to an increase in unrealised foreign exchange losses on dollar-denominated transponder lease liabilities. This is expected to reduce EPS and HEPS by ZAR 2.63.

Multichoice said it expects full-year core headline earnings per share (HEPS) to be between 8 percent or ZAR 0.30 and 12 percent or ZAR 0.45 higher than last year's ZAR 3.74, driven by subscriber growth and reduced losses in its business in the Rest of Africa. The trading profit is expected to be between 9 percent or ZAR 600 million and 13 percent or ZAR 800 million higher than the prior year's ZAR 6.3 billion. 

On an organic basis, the trading profit is expected to be between 24 percent or ZAR 1.5 billion and 30 percent or ZAR 1.9 billion higher than the prior year's reported ZAR 6.3 billion. 

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Categories: Broadcast & Satellite
Companies: MultiChoice
Countries: Africa
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