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BLUE LABEL TELECOMS LIMITED - Trading statement for the year ended 31 May 2022

Release Date: 18/08/2022 15:47
Code(s): BLU     PDF:  
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Trading statement for the year ended 31 May 2022

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 2022

Shareholders are advised that basic, headline and core headline earnings per share for the year ended 31
May 2022 will increase by more than 20% in comparison to the year ended 31 May 2021. The table below
illustrates the ranges anticipated against the comparative year:


                                                             Range           Increase to
                                        May 2021           May 2022           May 2022       Percentage
                                      cents per share   cents per share    cents per share     Increase
 Earnings per share                        94.55        115.24 – 119.02     20.69 – 24.47     22% – 26%
 Headline earnings per share               86.16        115.62 – 119.06     29.46 – 32.90     34% – 38%
 Core headline earnings per share          89.65        119.22 – 122.80     29.57 – 33.15     33% – 37%



Core headline earnings for the year ended 31 May 2022 amounted to R1.06 billion, equating to Core
headline earnings of 121.01 cents per share.

In the comparative year, core headline earnings amounted to R788 million, of which R763 million
related to continuing operations and R25 million to discontinued operations. Core headline earnings
amounted to 89.65 cents per share.

On exclusion of the non-recurring income of R214 million in the current year and R47 million in the prior
year, core headline earnings from continued operations increased by R131 million from R716 million to
R847 million (18%) and core headline earnings per share from continuing operations increased by 18%
from 81.50 cents per share in the prior year to 96.56 cents per share. This growth was indicative of a
robust trading performance by the Group during the year.

On exclusion of the non-recurring income in both the current and prior year, earnings per share and
headline earnings per share from continued operations increased by 20% to 92.68 cents per share and
by 19% to 92.89 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
18 August 2022
Sponsor: Investec Bank Limited

Date: 18-08-2022 03:47:00
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