Blue Label flags earnings boost after Cell C impairments
Blue Label Telecoms expects headline earnings per share to rise at least 20% due to impairments
23 January 2020 - 16:26
JSE-listed Blue Label Telecoms said on Thursday that headline earnings per share (HEPS) in its six months to end-November 2019 would rise at least 20% as it recovers from impairments it sustained in the prior comparative period.
In the six months ended November 2018, fair-value losses totaling R493m were recognised, while the group’s share of equity accounted losses in Cell C amounting to R133m were recognised...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.