Blue Label Telecoms FY revenue falls 11%

Monday 30 August 2021 | 09:49 CET | News
Blue Label Telecoms (BLT) said its revenue declined by 11 percent to ZAR 18.8 billion for the year ended 31 May from ZAR 20.7 billion a year earlier. As only the gross profit earned on PIN-less top-ups, prepaid electricity, ticketing and gaming are recognised as revenue, the effective growth in revenue equated to 10 percent to ZAR 65.8 billion from ZAR 59.7 billion. BLT said it continues to increase market share and bolster its product and services mix to defend and expand its positions in the market.

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