Distribution, acquisitions to lift Blue Label FY earnings 26%
Blue Label Telecoms, which is in the process of finalising its results for the year ended May 31, expects its basic earnings a share for the period to increase between 26% and 29% to between 85.39c and 87.42c.
Equally, headline earnings a share were likely to increase between 20% and 23% to between 81.47c and 83.50c, the JSE-listed company said on Wednesday. Core earnings – which reflected the underlying financial performance of the group – were forecast to lift by between 28% and 31% to up to 90.88c.
“The expected increase in headline earnings will be predominately attributable to organic growth in the South African distribution segment, assisted by the acquisitions of Retail Mobile Credit Specialists and Viamedia,” the company said in a trading update.
The increase in basic and core earnings included the impact of the disposal of the group's shareholding in Smart Voucher.
Blue Label’s results were scheduled for release on August 19.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation