A snapshot overview of Blue Label’s financial performance for the year ended 31 May 2020. 

  Headline earnings of
58.16 cents per share**
(2019: 312.49 cents loss pare share)
  Core headline earnings of
62.71 cents per share**
(2019: 304.77 cents loss per share)
Revenue of R21.1 billion*   Successful completion of the disposal
of the Blue Label Mobile Group and the
Handset division of 3G Mobile
Gross profit of R2.12 billion   Interest-bearing borrowings
reduced to R2.3 billion
(2019: R3.2 billion)
Increase in gross profit margin from
9.21% to 10.05%
  Net cash generated from
operating activities of
R1.3 billion
* On inclusion of the gross amount generated on “PINless top-ups”, prepaid electricity, ticketing and gaming, the effective increase equated to 7% from R56.0 billion to R59.9 billion. 
** On exclusion of negative contributions by the ceased operations of WiConnect and fair value downward adjustments, core headline earnings equated to 86.13 cents per share.