Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. South Africa
  4. Johannesburg Stock Exchange
  5. Blue Label Telecoms Limited
  6. News
  7. Summary
    BLU   ZAE000109088

BLUE LABEL TELECOMS LIMITED

(BLU)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Blue Label Telecoms : Trading statement for the year ended 31 May 2021 (83áKb)

08/20/2021 | 01:24pm EDT

Blue Label Telecoms Limited

(Incorporated in the Republic of South Africa) (Registration number 2006/022679/06) Share code: BLU ISIN: ZAE000109088 ("Blue Label" or "the Group")

Trading statement for the year ended 31 May 2021

Shareholders are advised that basic, headline and core headline earnings per share for the year ended 31 May 2021 will increase by more than 20% in comparison to the year ended 31 May 2020. The table below illustrates the ranges anticipated against the comparative year:

Earnings per share Headline earnings per share Core headline earnings per share

Range

Increase to

May 2020

May 2021

May 2020

Percentage

cents per share

cents per share

cents per share

Increase

13.89

94.27 - 94.83

80.38 - 80.94

579%

- 583%

58.16

85.00 - 87.33

26.84 - 29.17

46%

- 50%

62.71

88.40 - 90.91

25.69 - 28.20

41%

- 45%

The increase in basic earnings per share was primarily attributable to the disposal of the Group's 47.56% interest in Blue Label Mexico, a positive movement from a negative contribution by the Retail division of the WiConnect stores in the prior year to a partial recoupment of losses in the current year and the non- re-occurrence of impairments of goodwill and fair value downward adjustments in the prior year. A decision was made to cease the operations of the WiConnect retail stores in the prior financial year.

Cash flow generated by the group strengthened, with cash generated from operating activities amounting to R1.5 billion in the current year.

Core headline earnings for the year ended 31 May 2021 amounted to R788 million, equating to core headline earnings of 89.65 cents per share, of which R763 million related to continuing operations and R25 million to discontinued operations.

Core headline earnings for the prior year amounted to R562 million, equating to 62.71 cents per share, of which R469 million related to continuing operations and R93 million to discontinued operations.

On exclusion of non-recurring income of R47 million in the current year and extraneous costs of R163 million in the prior year, core headline earnings from continued operations increased by R84 million from R632 million to R716 million. Accordingly, core headline earnings per share from continuing operations increased by 16% from 70.54 cents per share in the prior year to 81.50 cents per share.

In spite of the Covid-19 pandemic impacting many of our merchants and their consumers, our performance and operating model both remain resilient and we continue to deliver essential services, including electricity, airtime, data, and other digital and financial transactional services to the communities throughout this challenging period. Across all segments we have sought to expand the merchant base while nurturing the existing base and ensuring sustainable and improved merchant profitability.

The financial information on which this trading statement is based has not been reviewed or audited by the Group's auditors. Blue Label will be releasing its annual results for the financial year ended 31 May 2021 on Thursday, 26th of August 2021.

Sandton

20 August 2021

Sponsor: Investec Bank Limited

Disclaimer

Blue Label Telecoms Ltd. published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2021 17:23:05 UTC.


ę Publicnow 2021
All news about BLUE LABEL TELECOMS LIMITED
10/11BLUE LABEL TELECOMS : Renewal of Cautionary Announcement (44áKb)
PU
09/30BLUE LABEL TELECOMS : Publication of 2021 Annual Financial Statements, No Change Statement..
PU
09/01BLUE LABEL TELECOMS : Broad-Based Black Economic Empowerment (B-BBEE) Annual Compliance Re..
PU
08/26BLUE LABEL TELECOMS : Cautionary Announcement (49áKb)
PU
08/26Blue Label Telecoms Limited Reports Earnings Results for the Full Year Ended May 31, 20..
CI
08/20BLUE LABEL TELECOMS : Trading statement for the year ended 31 May 2021 (83áKb)
PU
08/20Blue Label Telecoms Limited Provides Earnings Guidance for the Year Ended May 31, 2021
CI
04/20NOTIFICATION : Cell C Financial results for the year ended 31 December 2020 (57áKb)
PU
02/26BLUE LABEL TELECOMS LIMITED : Half-year results
CO
02/25Blue Label Telecoms Limited Reports Earnings Results for the Half Year Ended November 3..
CI
More news
Financials
Sales 2021 18 439 M 1 244 M 1 244 M
Net income 2021 831 M 56,0 M 56,0 M
Net cash 2021 781 M 52,7 M 52,7 M
P/E ratio 2021 5,03x
Yield 2021 -
Capitalization 4 768 M 322 M 322 M
EV / Sales 2020 0,12x
EV / Sales 2021 0,18x
Nbr of Employees 1 635
Free-Float 62,3%
Chart BLUE LABEL TELECOMS LIMITED
Duration : Period :
Blue Label Telecoms Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BLUE LABEL TELECOMS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Managers and Directors
Brett Marlon Levy Joint Chief Executive Officer & Executive Director
Mark Steven Levy Joint Chief Executive Officer & Executive Director
Dean Suntup Finance Director & Executive Director
Laurence Michael Nestadt Non-Executive Chairman
Johan Smith Chief Technology & Information Officer
Sector and Competitors