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Blue expects higher earnings

Feb 07 2012 16:54 I-Net Bridge

Company Data

Blue Label Telecoms Ltd [JSE : BLU]

Last traded R6.30
Change R-0.09
% Change -1.41%
Cumulative volume 442,759
Market cap R4.25bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - Blue Label Telecoms [JSE:BLU] said on Tuesday it expected headline earnings per share in the six months to November 2011 to be between 38% and 48% higher, from 25.45 cents in the previous corresponding period.

The telecoms group attributed the growth in earnings to the non-recurring income received from extraneous transactions in December, the details of which are confidential.

The core earnings per share are expected to rise between 31% and 41% from 27.27 cents a year ago, the company said in a statement. Basic earnings per share growth are expected to be between 36% and 46% higher from 25.45 cents.

 
 
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