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Blue Label forecasts earnings jump

Jul 19 2012 10:10 I-Net Bridge

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Johannesburg - Blue Label Telecoms [JSE:BLU] advised on Thursday that as a result of a nonrecurring receipt during the first half of the financial year‚ it expects headline earnings per share (Heps) for the year ended May 2012 to exceed the heps of 46.20 cents for the comparative year by more than 20%.

The nonrecurring receipt pertained to an extraneous transaction‚ the details of which remain confidential.

However‚ basic earnings per share and core earnings per share would not exceed the comparative year by 20%‚ it said.

More specific information will be provided to shareholders as soon as there is reasonable certainty as to the range by which heps is expected to increase.

Its results are expected to be released on or about Tuesday‚ August 21.

 
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