{"id":301444,"date":"2019-02-22T15:48:20","date_gmt":"2019-02-22T13:48:20","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=301444"},"modified":"2019-02-22T15:48:20","modified_gmt":"2019-02-22T13:48:20","slug":"blue-label-earnings-dragged-down-by-cell-c","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/301444\/blue-label-earnings-dragged-down-by-cell-c\/","title":{"rendered":"Blue Label earnings dragged down by Cell C"},"content":{"rendered":"

Blue Label Telecoms said in a trading statement for the six months ended November 2018, that it expects to make a substantial loss, compared to the prior year.<\/p>\n

The technology group, which is the majority shareholder of Cell C, said that it expects headline earnings per share to amount to a loss of 18.78 cents per share, from prior earnings of 166.68 cents per share. Earnings per share is expected to show a loss of up to 15.74 cents per share, from prior earnings of 167.43 cents per share.<\/p>\n

Core headline earnings per share, Blue Label said, is expected to show a loss of up to\u00a0 14.23 cents per share, from earnings of 168.42 cents in 2017.<\/p>\n

“Although the core businesses of the Blue Label group generated positive growth, the once-off underlying financial adjustments relating to Cell C had a negative impact thereon,\u201d it said.<\/p>\n

\u201cThe financial results for the comparative six-month period ended 30 November 2017 included the recognition of a deferred tax asset by Cell C, of which the group\u2019s share equated to R864 million. This was a once- off recognition to earnings in the comparative period,” Blue Label said.<\/p>\n

Blue Label said it expects to publish its results on Thursday, 28 February 2019.<\/p>\n

\"\"<\/a><\/p>\n

\n

Read: ‘Reclusive billionaire’ buying a stake in Cell C<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Blue Label Telecoms said in a trading statement for the six months ended November 2018, that it expects to make a substantial loss, compared to the prior year.<\/p>\n","protected":false},"author":10,"featured_media":181969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[1382,42,26],"class_list":["post-301444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-blue-label-telecoms","tag-cell-c","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/301444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=301444"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/301444\/revisions"}],"predecessor-version":[{"id":301462,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/301444\/revisions\/301462"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/181969"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=301444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=301444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=301444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}