Photo by: BLOOMBERG
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.