Blue Label warns of 20% drop in earnings

Cell C's financial woes have weighed on major shareholder Blue Label. Picture: THAPELO MOREBUDI

Blue Label, which owns 45% of struggling cellphone network operator Cell C, said its audit for the financial year was “substantially complete”, but that it was in the process of determining the valuation of its investment in Cell C. The outcome will, among other things, have an effect on the carrying value of the investment, as well as the recoverability of the existing deferred tax asset within Cell C.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BDliveSA /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WBHO leadership changes as group flags earnings dropChair Mike Wylie will retire in November, sparking a top-management shakeup as troublesome roads project in Australia hits the construction group’s revenue
Read more »