South Africa’s Multichoice post 99% dive in interim profit

JOHANNESBURG (Reuters) – South African pay television company MultiChoice Group on Tuesday reported a 99% fall in half-year profit.

The owner of DStv said its adjusted core headline earnings per share – the board’s measure of the underlying performance of the business – for the six months ended Sept. 30 fell to 2 cents per share from 356 cents per share reported a year earlier.

(Reporting by Sfundo Parakozov; Editing by Tannur Anders and Jan Harvey)

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