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
06 July 2020 - 20:42
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...
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.