JSE-listed technology group Blue Label Telecoms, the largest shareholder of Cell C, says it has seen a recovery in volumes after Covid-19 initially hit ticketing sales and gaming vouchers.
The lockdown regulations and the downturn in economic activity had not negatively affected airtime, data and electricity sales volumes, the group said, though it had seen writedowns in its year to end-May. Blue Label had written off Cell C in its previous financial year, meaning the financial results of the mobile operator did not affect it in the current period. has struggled to make consistent profits since it became SA’s third mobile operator in 2001. Cell C has also grappled with a hefty debt burden.
Source: Gaming Daily Report (gamingdailyreport.net)
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News24 - 🏆 4. / 80 Read more »
Source: ewnupdates - 🏆 30. / 53 Read more »
Bidcorp holds on to dividend as Covid-19 hits profitsThe group says it has seen a recovery after a hit from Covid-19, but is holding off on a final dividend and acquisitions for now
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: News24 - 🏆 4. / 80 Read more »
Resilient to make dividend payments after Covid-19 hitMall owner reduces dividend for year to end-June, but says some of its malls achieved sales growth in spite of Covid-19
Source: BDliveSA - 🏆 12. / 63 Read more »
Massmart’s loss widens after Covid-19 hitThe owner of Game and Makro faced foreign exchange losses and restructuring costs, while the pandemic weighed on sales
Source: BDliveSA - 🏆 12. / 63 Read more »