Highlights
| INCREASE IN REVENUE TO | |
| R13.5 billion* | |
| INCREASE IN EBITDA OF 9% TO | |
| R778 million | |
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Commentary
Overview
On 2 August 2017, Blue Label, through its wholly owned subsidiary The Prepaid Company (“TPC”), acquired 45% of Cell C Proprietary Limited (“Cell C”) and 47.37% of 3G Mobile Proprietary Limited (“3G Mobile”). The purchase consideration for these acquisitions was R5.5 billion and R0.9 billion respectively.
Core headline earnings for the six months ended November 2017 amounted to R1.36 billion, resulting in an increase of R804 million (146%). Post-dilution resulting from the issue of 200 million shares at R15 per share, core headline earnings per share increased by 108% to 168.42 cents per share.
These earnings comprised the Group’s share of profits in Cell C of R928 million, which included the recognition of an increase... Read more
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Financials
- Unaudited condensed Group statement of financial position
- Unaudited condensed Group statement of comprehensive income
- Unaudited condensed Group statement of cash flows
- Unaudited condensed Group statement of changes in equity
- Segmental summary
- Share performance
- Headline earnings
- Financial instruments
- Investments in and loans to venture capital associates and joint venture
- Significant related party transactions and balances
- Subsequent events
- Material transactions
- Basis of preparation
