Highlights
revenue to
R26.8 billion*
profit of 7%
to R2.28 billion
EBITDA of 4%
to R1.34 billion
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Commentary
Overview
Core headline earnings for the year ended 31 May 2018 amounted to R1.03 billion, resulting in an increase of R236 million (30%). Core headline earnings per share increased from 116.24 cents per share to 120.61 cents per share (4%), post a dilution resulting from the issue of an additional 272 million shares to fund an element of acquisitions made during the financial year. Core headline earnings are calculated after adding back the amortisation of intangible assets as a consequence of the purchase price allocations to headline earnings.
On 2 August 2017, Blue Label, through its wholly owned subsidiary, The Prepaid Company (“TPC”), acquired 45% of Cell C Limited (“Cell C”) for R5.5 billion and 47.37% of 3G Mobile Proprietary Limited (“3G Mobile”) for R0.9 billion.
Detailed commentary
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Financials
- Summarised Group statement of comprehensive income
- Share performance
- Summarised Group statement of financial position
- Summarised Group statement of cash flows
- Summarised Group statement of changes in equity
- Summarised segmental summary
- Headline earnings
- Financial instruments
- Investments in and loans to venture capital associates and joint venture
- Significant related party transactions and balances
- Subsequent events
- Basis of preparation
- Change in accounting policy
- Non-IFRS information