Highlights

A snapshot overview of Blue Label’s performance for the year ended 31 May 2021:

• Revenue of R18.8 billion*

  Interest-bearing borrowings reduced to R1.7 billion (2020: R2.3 billion)

  Increase in gross profit margin from 10.05% to 12.66%

  Headline earnings of 86.16 cents per share (2020: 58.16 cents per share)

  *	On inclusion of the gross amount generated on “PINless top-ups”, prepaid electricity, ticketing and gaming, the effective increase equated to 10% from R59.9 billion to R66.0 billion.
  **	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 per share from continuing operations increased by 16% to 81.50 cents per share compared to 70.54 cents per share in the prior year.

• Gross profit of R2.38 billion (2020: R2.12 billion)

  Net cash generated from operating activities of R1.5 billion
  (2020: R1.3 billion)

  Core headline earnings of 89.65 cents per share** (2020: 62.71 cents per share)