the largest shareholder of Cell C, said on Thursday it had swung into a headline loss, as it writes down the value of its 45% holding in the debt-laden cellphone operator.
Cell C's trading losses and impairments had the largest effect on headline earnings, contributing 287.65c or 71% of the fall per share, the company said. Excluding these adjustments, Blue Label said it would have seen growth in headline earnings of between 24% and 29%, adding that its core businesses continued to generate profits.
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