Highlights

A snapshot overview of Blue Label’s performance for the year ended 31 May 2022:

Revenue of
R17.8 billion*
 
Headline earnings of
117.34 cents
(2021: 86.16 cents per share)
Increase in gross profit of 23% to R2.93 billion (2021: R2.38 billion)
Increase in gross profit
margin from
12.66% to 16.46%
Core headline earnings of
121.01 cents per share**
(2021: 89.65 cents per share)
* On inclusion of the gross amount generated on “PINless top-ups”, prepaid electricity, ticketing and gaming, the effective increase in revenue equated to 10% from R66.0 billion to R72.3 billion.
** On exclusion of non-recurring income of R214 million in the current year and R47 million in the prior year, core headline earnings per share from continuing operations increased by 18% to 96.56 cents per share compared to 81.50 cents per share in the prior year.

LEADERSHIP REPORTS

Larry Nestadt

Larry Nestadt
Chairman

Chairman's report

Our strategic priorities for the year, aside from navigating the COVID-19 pandemic, were to right size the business through asset sales, to implement our ‘back to basics’ operational plan and to restore the investment value in Cell C. A renewed focus on our core strengths have served us well.

View our Chairman's report

Visit our other leadership reports here:

JOINT CEOS' REPORT
Financial Director's report
Brett Levy and Mark Levy

Brett Levy
Joint CEO

Mark Levy
Joint CEO

JOINT CEOS' REPORT

Another impressive set of financial results, supported by the successful delivery of our strategy against measurable targets and, a renewed focus on customer-centricity that is driven by innovation and digitisation are some of the key highlights of what was a remarkable year.

View our Joint CEOS' report

Visit our other leadership reports here:

Financial Director's report
Chairman's report

Dean Suntup
Financial Director

Financial Director's report

The Group continues to increase market share and bolster its product and services mix to defend and grow its positions in the market.

View our Financial Director's report

Visit our other leadership reports here:

Chairman's report
JOINT CEOS' REPORT

HOW WE CREATE VALUE