Annual Financial Statements for MultiChoice Group Limited – Year Ended 31 March 2024
MultiChoice Group Limited recently released its annual financial statements for the year ended 31 March 2024. The company reported a net sales breakdown by revenue source, with subscriptions accounting for 82.2%, advertising space for 7.1%, set-top boxes for 3.4%, licenses for 2.8%, and technical installation services for 0.6%. Geographically, the net sales were divided between South Africa (64.5%), Africa (32.8%), Europe (2.1%), and other regions (0.6%).
The company specializes in creating and securing digital platforms for video entertainment, connected transport, and connected industries IoT. The consensus among analysts suggests a positive outlook for the company, with a current sell rating of 8.3 out of 10. The last close price was reported at 106.6 ZAR, with an average target price of 121.5 ZAR, indicating a potential upside of 13.98%.
The company’s directors’ report highlighted key changes in the board of directors, including new appointments and resignations. The company secretary, Carmen Miller, has been in office since June 11, 2020. The company also disclosed its borrowing powers, stating that it has unlimited borrowing powers in terms of its Memorandum of Incorporation.
For more information, you can access the original document and additional details on the company’s profile and consensus ratings.