On the Cover
Blue Label gets once-off boost
Tuesday, 24 January 2012 19:43
Written by Nicola Mawson
Prepaid voucher company Blue Label Telecoms expects a once-off boost to benefit its first-half results, which it will publish later next month.
In a statement issued to shareholders during the festive season, the listed company said its interim results to November would benefit from a “non-recurring receipt pertaining to an extraneous transaction”.
Blue Label said details of the once-off gain were “confidential”, but it would bolster both core earnings and headline earnings per share by more than 20% compared to the first half of the previous financial year.
The company recorded revenue of R9 billion for the first half of its last financial year. Net profit for the first six months of its last financial year was R191.9 million.
A year ago, the company reported core earnings per share of 27.27c, headline earnings per share of 25.45c and basic earnings per share of 25.45c.
Blue Label says it will provide more specific information to shareholders as soon as it has “reasonable certainty as to the range” by which basic, core and headline earnings per share will increase.
Its results are expected to be published on 22 February.
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