Sharenet Sites 
Sharenet Sites
Trading statement for the six-month period ended 30 November 2020
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 six-month period ended 30 November 2020
Shareholders are advised that the basic earnings per share for the six-month period ended 30 November
2020 will increase by more than 20% in comparison to the six-month period ended 30 November 2019.
The table below illustrates the ranges anticipated against the comparative period:
Range Increase/(decrease) Percentage
Nov 2019 Nov 2020 to Nov 2019 Increase/
cents per cents per share cents per share (decrease)
share
Earnings per share 34.83 49.23 – 50.62 14.40 – 15.79 41% – 45%
Headline earnings per share 39.98 40.16 – 41.76 0.18 – 1.78 0% – 4%
Core headline earnings per 43.18 41.84 – 43.56 (1.34) – 0.38 (3%) – 1%
share
The increase in basic earnings per share was primarily attributable to the disposal of the Group’s 47.56%
interest in Blue Label Mexico as well as a positive movement from a negative contribution by the retail
division of the WiConnect stores in the comparative period to a partial recoupment of losses in the
current period. A decision was made to cease the operations of the WiConnect retail stores in the prior
financial year.
The performance of the Blue Label Group remains resilient in an adverse economic environment. In
spite of the Covid-19 pandemic, the Group has continued to deliver essential services, including
electricity, airtime, data and other digital services, as well as providing financial transactional services,
which have not been negatively impacted. Cash flow generated by the group strengthened, with cash
generated from operating activities amounting to R970 million in the current period.
Core headline earnings for the current period amounted to R376 million, of which R351 million related
to continuing operations and R25 million to discontinued operations. On exclusion of non-recurring
income pertaining to foreign exchange gains of R22 million, core headline earnings from continued
operations amounted to R329 million, equating to core headline earnings of 37.35 cents per share.
The financial information on which this trading statement is based has not been reviewed or audited by
the Group’s auditors.
Sandton
17 February 2021
Sponsor: Investec Bank Limited
Date: 17-02-2021 09:00:00
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