Shares jump 7% as Blue Label puts write-downs behind it
The positive results are mainly due to write downs and impairments made previously that did not affect the current period
Shares in prepaid airtime and electricity distributor Blue Label Telecoms jumped almost 10% on Monday after the company said it expects a rise in full-year earnings of more than a fifth.
The shares ended trading 7.01% stronger on Monday at R2.90 and are up 9% so far this year. The company has a market capitalisation of R2.6bn...