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Trading statement for the year ended 31 May 2015
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 company”)
Trading statement for the year ended 31 May 2015
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they become reasonably certain that the financial results
for the year to be reported on will differ by at least 20% from those reported in the previous
corresponding year.
The company is in the process of finalising its results for the year ended 31 May 2015, in which
growth in earnings is expected to be as follows:
* basic earnings per share between 26% and 29% , equating to a range of between 85.39 cents to
87.42 cents compared to 67.88 cents for the year ended 31 May 2014;
* headline earnings per share between 20% and 23%, equating to a range of between 81.47 cents
and 83.50 cents compared to 67.98 cents for the year ended 31 May 2014; and
* core earnings per share between 28% and 31%, equating to a range of between 88.85 cents to
90.88 cents compared to 69.44 cents for the year ended 31 May 2014.
Core earnings represent the earnings of the group after adjusting for the amortisation of internally
generated intangible asset write offs net of taxation and minorities as a consequence of purchase
price allocations in terms of IFRS requirements. Core earnings reflect the underlying financial
performance of the group.
The expected increase in headline earnings will be predominately attributable to organic growth in
the South African Distribution segment, assisted by the acquisitions of Retail Mobile Credit
Specialists Proprietary Limited and Viamedia Proprietary Limited. The increase in basic and core
earnings is inclusive of the impact on the disposal of the group's shareholding in Smart Voucher
Limited ("Ukash").
The financial information on which this trading statement is based has not been reviewed or
reported on by the company's auditors.
The results are scheduled for release on Wednesday, 19 August 2015.
Sandton
5 August 2015
Sponsor: Investec Bank Limited
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