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Sharenet Sites
Trading statement for the year ended 31 May 2024
Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU ISIN: ZAE000109088
("Blue Label" or "the Group")
Trading statement for the year ended 31 May 2024
Shareholders are advised that basic, headline and core headline earnings per share for the year ended 31
May 2024 will increase by more than 20% in comparison to the year ended 31 May 2023 ("comparative
year").
The table below illustrates the ranges anticipated against the comparative year:
Range Increase to
May 2023 May 2024 May 2024 Percentage
cents per share cents per share cents per share Increase
Earnings per share 30.48 71.88 – 73.10 41.40 – 42.62 136% – 140%
Headline earnings per share 41.97 72.80 – 74.48 30.83 – 32.51 73% – 77%
Core headline earnings per share 45.55 75.17 – 76.99 29.62 – 31.44 65% – 69%
Core headline earnings for the year ended 31 May 2024 amounted to R679 million (May 2023: R402
million), equating to core headline earnings of 76.08 cents per share (May 2023: 45.55 cents per share).
Excluding the positive contributions of R66 million in the current year, and the negative contributions of
R523 million in the comparative year, primarily resulting from the recapitalisation transaction of Cell C,
core headline earnings declined by R312 million (34%) from R925 million to R613 million. Consequently,
core headline earnings per share also dropped by 34%, from 104.83 cents per share to 68.66 cents per
share.
On exclusion of the positive and negative contributions from both the current and comparative years,
primarily resulting from the recapitalisation transaction of Cell C, earnings per share and headline
earnings per share declined by 35% to 65.07 cents per share and 66.22 cents per share, respectively.
The financial information on which this trading statement is based has not been reviewed or audited by
the Group's auditors.
Sandton
21 August 2024
Sponsor: Investec Bank Limited
Date: 21-08-2024 08:30:00
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