Blue Label sees higher earnings

In a trading update issued yesterday, the company said revenue from a confidential “extraneous” deal will bolster core earnings per share by between 31% and 41% for the six months to November. Last year, core earnings per share were 27.27c.

Headline earnings per share are expected to improve by between 38% and 48%, from 25.45c, and basic earnings per share should between 36% and 46% higher than last year's 25.45c.

The company's interim results should be released on 22 February. Blue Label's shares closed 0.81% higher, at 620c, yesterday.

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