A snapshot overview of Blue Label’s performance for the year ended 31 May 2023:

Revenue of
R18.9 billion*

Increase in gross profit margin from
16.46% to 18.41%

Increase in gross profit of 19% to
R3.48 billion

(2022: R2.93 billion)

Successful conclusion

of the Cell C recapitalisation transaction in September 2022

Core headline earnings per share**
45.55 cents per share

(2022: 121.01 cents per share)


* On inclusion of the gross amount generated on “PINless top-ups”, prepaid electricity, ticketing and gaming, the effective increase equated to 6% from R72.3 billion to R76.8 billion.
** Excluding the extraneous contributions of R523 million in the current year, primarily resulting from the recapitalisation transaction of Cell C, and R214 million in the prior year, core headline earnings per share increased by 9% to 104.83 cents per share compared to 96.56 cents per share in the prior year.