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Blue Label delivers H1 earnings rise

11th December 2015

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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JSE-listed Blue Label Telecoms expects to report a double-digit increase in earnings for the six months to November 30, mainly on the back of organic growth and tightened operational costs.

In a trading update to shareholders, the company on Friday said it expected basic earnings per share (EPS) to increase by 8.56c from 42.79c in the prior period to 51.35c during the first half of 2016.

Headline earnings a share would increase from 42.73c in the six months to November 2014, to 51.28c in the period under review.

Core EPS, representing the actual earnings of the group after adjustments, would increase from 44.47c to 53.36c during the same period.

Blue Label would publish its half-year results on February 24.

Edited by Creamer Media Reporter

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