Blue Label Telecoms CEO Brett Levy. Picture: FREDDY MAVUNDA.
Prepaid airtime and electricity distributor Blue Label Telecoms said on Monday it will report a more than 20% rise in earnings when it releases its financial results for the six months to November 2019 on Friday. Blue Label said core headline earnings for the current period amounted to R390m, including non-recurring one-off expenditure of R61m at its retail division, as well as a fair value loss on a put-option liability for the acquisition of the remaining 40% minority share of Airvantage and AV Technology, which will be settled during 2020.
Core headline earnings per share for the group will be between 42.61c and 43.75c, up from a loss of 11.39c per share to November 2018. The company expects headline earnings per share at between 39.24c and 40.74c from a loss in the same period a year ago of 15.02c, it said in the updated trading statement.Cell C’s declining fortunes had resulted in both Blue Label and Net1 writing down their combined R7.5bn investment in the operator to nil. Because of thisShares in Blue Label closed
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.
Blue Label to report more than 20% jump in earningsBlue Label to report stronger earnings after writing down the value of its stake in Cell C to nil Off a virtually zero base. Whoopee.
Source: BDliveSA - 🏆 12. / 63 Read more »
Blue Label to report more than 20% jump in earningsBlue Label to report stronger earnings after writing down the value of its stake in Cell C to nil Off a virtually zero base. Whoopee.
Source: BDliveSA - 🏆 12. / 63 Read more »
Adapt IT’s profit slides as weak SA economy takes its tollAccounting changes also weigh on technology group, with headline earnings per share falling 35%
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
John Steenhuisen on apartheid: Crime against humanity debate is misplaced“That is the debate that we should be having and those are the things that should be obsessing us on a daily basis.” As expected DA Helen Zille and jsteenhuisen agree with FW De Klerk. There is so many things that don't add up, i refuse to believe that 30million out of 43 million BLACK south Africans live on less than 991 Rands a month. That's 69% of black people Forget about the past deal with the current issues corruption, crime and failing economy..
Source: TimesLIVE - 🏆 28. / 59 Read more »
WATCH: How operating expenses are biting into the JSE’s earningsJSE CEO Leila Fourie talks to Business Day TV about the company's financial results
Source: BDliveSA - 🏆 12. / 63 Read more »