Cell C a big drag on Blue Label earnings

is Cell C’s largest shareholder, with a 49% shareholding. Blue Label has said previously that it may move soon to take a controlling stake in the business.

Blue Label’s core business, meanwhile, excluding “extraneous contributions and non-recurring income from the current and prior years”, continues to perform well, with earnings per share and headline EPS expected to increase by 8% and 9%, respectively, for the full year.“The core businesses of the Blue Label group have consistently demonstrated growth in revenue, gross profit and core headline earnings per share for the year ended 31 May 2023.

Blue Label shares fell more than 5% on Thursday on the back of the trading update. At R3.30 apiece, they’re near their 52-week low, and have lost more than half their value in the past year. Blue Label will publish its 2023 full-year results next Wednesday, while Cell C is expected to provide an update on its financial performance and its strategy on Monday. –

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

The age of process automation - IT News Africa | Business Technology, Telecoms and Startup NewsOver the past 100 years, technical advancements have accelerated automation systems, such as process automation. This has reduced non-value-added processes, enabling designers, engineers, and employers to focus on essential priorities. This sentiment is echoed by a report from the analyst group Omdia, titled “Taking Control of Industrial Digital Transformation.” The report emphasizes the need for […]
مصدر: ITNewsAfrica - 🏆 27. / 59 اقرأ أكثر »

Kura's new Operations Director: Owen Campbell - IT News Africa | Business Technology, Telecoms and Startup NewsKura has named Owen Campbell as its new Operations Director.
مصدر: ITNewsAfrica - 🏆 27. / 59 اقرأ أكثر »

Biggest telecoms companies in South AfricaThe battle for the top spot has been fought between South Africa’s biggest mobile network operator — Vodacom — and Africa’s leading mobile network — MTN — over nearly three decades.
مصدر: mybroadband - 🏆 11. / 67 اقرأ أكثر »