Highlights

Brett Levy Joint CEO - Blue Label Telecoms 2014 Interim Results

Commentary

Headline earnings per share of 37,15 cents equated to a growth of 7%. In spite of a decline in revenue, EBITDA increased by 16% primarily due to an increase in gross profit by R66 million (10%) and the containment of growth in overheads to 3%. Revenue generated on “pin-less top ups” increased by R310 million. As only the commission thereon is reflected, the effective decline in Group revenue was confined to 1%.

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