BLUE LABEL TELECOMS LIMITED - Trading statement for the year ended 31 May 2016

Trading statement for the year ended 31 May 2016

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 2016


Shareholders are advised that that the headline and core headline earnings per share for the year
ended 31 May 2016 is expected to increase by more than 20% as against the year ended 31 May
2015. The table below illustrates the ranges anticipated against the comparative period:

                                   Earnings per share   Earnings per share     Cents Increase to   Percentage
                                       May 2015               Range               May 2016          Increase


Headline earnings per share             82.26c           98.71c - 100.36c    16.45c   -   18.10c   20% - 22%
Core headline earnings per share        85.11c          101.28c - 102.98c    16.17c   -   17.87c   19% - 21%
Earnings per share                      86.86c          102.49c - 104.23c    15.63c   -   17.37c   18% - 20%



Historically, a measurement of the Group's performance and the growth thereon was based on core
earnings per share. This has been substituted to core headline earnings per share which is a more
informative measurement of the day-to-day operations of the Group.


Core headline earnings per share represents the headline earnings of the Group after adjusting for
the amortisation of intangible asset write offs net of taxation and non-controlling interests as a
consequence of purchase price allocations in terms of IFRS requirements. This adjustment reflects
the underlying financial performance of the Group.


The increase in earnings is predominantly attributable to organic growth, underpinned by a hybrid of
an expanded customer base supported by an enhanced bouquet of products and services afforded
to it. In addition the Group has continued to confine operational costs.


The financial information on which this trading statement is based has not been reviewed or
reported on by the Group’s auditors.



The results are scheduled for release on Wednesday, 24 August 2016.


Sandton
15 August 2016
Sponsor: Investec Bank Limited

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