0
General

Blue Label Telecoms expects FY earnings to increase over 20%

Tuesday 24 August 2021 | 10:26 CET | News
South Africa's Blue Label Telecoms said it expects its basic, headline and core headline earnings per share for the year ended 31 May to increase by more than 20 percent, boosted primarily by the disposal of the group's 47.56 percent interest in Blue Label Mexico. In a trading statement, the group said it expects to report earnings per share of ZAR 0.943-0.948, up from ZAR 0.139 in the previous year. translating to an increase of up to 583 percent.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: Blue Label Telecoms / Cell C
Countries: South Africa
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Blue Label Telecom H1 revenue falls 15%

Published 01 Mar 2021 10:46 CET | South Africa
South Africa's Blue Label Telecom posted revenue of ZAR 9.6 billion, down 15 percent, and gross profit of ZAR 1.14 billion, down ...

Blue Label expects higher earnings in H1

Published 18 Feb 2021 09:57 CET | South Africa
South African group Blue Label Telecoms is expecting headline earnings per share (HEPS) to rise by up to 4 percent for the six ...

Blue Label implements salary freeze for 2021

Published 01 Oct 2020 10:29 CET | South Africa
Blue Label Telecom says it will implement a salary freeze for 2021 to deal with any more fall-out from the coronavirus, reports ...

Blue Label sells 48% stake in Blue Label Mexico for USD 12 mln

Published 18 Sep 2020 09:19 CET | Mexico
Blue Label Telecoms has sold its interest in Blue Label Mexico to its partner in the business, multinational bakery products ...

Blue Label FY revenue drops to ZAR 21 bln, EPS improves

Published 28 Aug 2020 09:44 CET | South Africa
Blue Label Telecoms said revenue decreased by 10 percent to ZAR 21.13 billion in the year ended 31 May from ZAR 23.60 billion in ...