MULTICHOICE GROUP (MCG)

FY Results: Group revenue increased 3% (7% organic) to R55.1bn, with the stronger ZAR resulting in a reduction in revenue contribution from the Rest of Africa and Technology businesses. Subscription revenues amounted to R45.3bn, representing 5% organic growth. Advertising revenues rebounded after the negative impact of COVID-19 in the prior year, growing 37% YoY (40% organically). a 565 cent dividend was declared.