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Wireless

Blue Label delays FY results, warns of 20% drop in headline earnings

Tuesday 20 August 2019 | 09:37 CET | News
South African company Blue Label Telecoms will delay publication of its full-year financial results until 26 September to deal with various issues related to the mobile operator's recapitalisation and restructuring. Blue Label had been expected to publish its results in late August. It has warned shareholders that it expects headline earnings for the year ended May to be down by at least 20 percent year on year, as it tries to quantify the impact of Cell C's financial woes on its balance sheet. 

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Categories: Mobile & Wireless
Companies: Blue Label Telecoms / Cell C
Countries: South Africa
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