Blue Label Telecoms, on Tuesday (20 August), reported an 8% rise in its dividend per share to 27 cents for the period ended May 2014, on the back of a rise in profits.<\/p>\n
Revenue improved to R19.4 billion, from R18.98 billion before, while group operating profit was up to R723 million, from R646 million in 2013.<\/p>\n
Headline earnings per share was up 6% to 67,98 cents, while the group saw a 10% increase in earnings before interest, taxes, depreciation, and amortisation (ebitda) to R788 million.<\/p>\n
Revenue generated on “pinless top ups” increased from R997 million to R1,7 billion. As only the commission thereon is accounted for, the effective growth in Group revenue equated to 6%.<\/p>\n
The share of net losses of R57 million from associates and joint ventures was mainly attributable to Blue Label Mexico.<\/p>\n
Expenditure incurred by Blue Label Mexico on the roll out of point of sale devices on a national scale is in line with its strategy to enhance its product and service offerings, the benefits of which are expected to materialise in the future, the group said.<\/p>\n
In April 2014, Blue Label acquired Retail Mobile Credit Specialists, an enhanced service
\nprovider of telecommunication products and services, content, data and allied activities, via physical and virtual mediums.<\/p>\n
Looking ahead, the group said that the growth in prepaid electricity meter roll-outs, is likely to continue and improve future group revenue.<\/p>\n
TicketPros, a ticketing provider and proud partner of premium sporting events in South Africa, continues to expand its service offering to a myriad of events and activities.<\/p>\n
“The group’s distribution footprint is perfectly positioned to offer a money transfer solution that provides reach across all sectors of the South African economic landscape,” Blue Label said.<\/p>\n
Blue Label buys into mobile services provider<\/strong><\/a><\/p>\n