Blue Label Telecoms returns to profit after Cell C write-off
The mobile operator is shifting focus to other income streams, such as distribution of prepaid electricity
28 February 2020 - 07:46
JSE-listed technology group Blue Label Telecoms, which has lost 80% of its value over the past two years, said it had returned to profit in its half year to end-November after writing off its investment in struggling mobile operator Cell C.
The group reported core headline earnings — which includes discontinued operations — of R390m from a loss of R128m previously. Group revenue from continuing operations rose 2% to R11.5bn...
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