Blue Label to report more than 20% jump in earnings
24 February 2020 - 23:57
Prepaid airtime and electricity distributor Blue Label Telecoms said on Monday it will report a more than 20% rise in earnings when it releases its financial results for the six months to November 2019 on Friday.
Blue Label said core headline earnings for the current period amounted to R390m, including non-recurring one-off expenditure of R61m at its retail division, as well as a fair value loss on a put-option liability for the acquisition of the remaining 40% minority share of Airvantage and AV Technology, which will be settled during 2020...
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