Blue Label Telecoms

Highlights

	INCREASE IN REVENUE TO
	R26.3 billion
	INCREASE IN DIVIDEND PER SHARE OF 11% TO
	40 cents
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• Commentary

  Overview

  Group earnings continued to increase organically primarily attributable to South Africa Distribution increasing its contribution to Group core headline earnings by 19%.

  Although Blue Label Mexico (“BLM”) incurred losses, its losses continued to decline, with the Group’s share thereof reducing by 42%, from R63 million to R37 million.

  The continuous shift in consumer buying patterns from traditional purchasing of airtime to that of “PINless topups”, resulted in limited growth in Group revenue. Only the gross profit earned thereon is accounted for in Group revenue as opposed to the gross amount generated from transactions of this nature. On imputing such amounts, the effective growth would have equated to 7%... Read more
  
  

• Financials

  • Reviewed condensed Group statement of comprehensive income
  • Share performance
  • Reviewed condensed Group statement of financial position
  • Reviewed condensed Group statement of cash flows
  • Reviewed condensed Group statement of changes in equity
  • Segmental summary
  • Headline earnings
  • Financial instruments
  • Investments and loans to venture capital associates and joint venture
  • Significant related party transactions and balances
  • Subsequent events
  • Basis of preparation
  • Non-IFRS information

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