News Formal

Blue Label reports R6.6bn loss, more than twice its market capitalisation

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Россия Новости Новости

Blue Label paid R5.5bn in August 2017 for its stake in Cell C, through its wholly owned subsidiary The Prepaid Company.

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

Blue Label holds a 45% stake in Cell C, which incurred trading losses of R1.56bn during the period, and impairments of R2.2bn. Cell C also de-recognised its deferred tax asset of R4.09bn, Blue Label said on Thursday. Blue Label paid R5.5bn in August 2017 for its stake in Cell C, through its wholly owned subsidiary The Prepaid Company , who’s share of the value-in-use of Cell C was R6.04bn at the start of the period, though this has been reduced to zero.

Excluding these impairments, the group grew its core headline earnings 26% to R904m, and HEPS would have been 98.98c.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Market data — September 24 2019Market data including bonds, unit trusts and fuel prices
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »