Big jump in earnings likely for Blue Label Telecoms
The company says the increase in earnings is primarily attributable to the disposal of its 47.56% interest in Blue Label Mexico
20 August 2021 - 17:46
Prepaid specialist Blue Label Telecoms says it is likely to report a more than 40% increase in earnings for the year to May 2021, driven in part by the sale of its Mexican unit and closure of a retail operation.
Blue Label — which specialises in selling prepaid airtime, electricity and ticketing — said it expects to report earnings per share (EPS) of between 94.27c and 94.83c, up from 13.89c previously, translating to an increase of up to 583%. ..
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