Financial highlights and salient features

  • Revenue of
    R21.1 billion*

  • Successful completion of the disposal of the Blue Label Mobile Group and the Handset division of 3G Mobile

  • Headline earnings of 58.16 cents per share (2019: 312.49 cents loss per share)

  • Gross profit of R2.12 billion

  • Increase in gross profit margin from 9.21% to 10.05%

  • Core headline earnings of 62.71 cents per share** (2019: 304.77 cents loss per share)

  • Interest-bearing borrowings reduced to R2.3 billion (2019: R3.2 billion)

  • Net cash generated from operating activities of R1.3 billion


 

 

 

*

On inclusion of the gross amount generated on PINless top-ups, prepaid electricity, ticketing and gaming, the effective increase equated to 7% from R56.0 billion to R59.9 billion.
**

On exclusion of negative contributions by the ceased operations of WiConnect and fair value downward adjustments, core headline earnings equated to 86.13 cents per share.