JSE-listed Blue Label Telecoms says a once-off item will boost headline earnings per share when it reports full-year results next month.
However, the item will not affect basic earnings per share, the group said in a statement to shareholders yesterday. The company's stock closed lower, at 580c, an 18c, or 3.01%, decline on the day.
Blue Label says, because of a non-recurring receipt during the first half of the financial year, it expects headline earnings per share for the year to May to be higher than last year's 46.20c by more than 20%.
At half-year, the company reported that a once-off confidential “other” income receipt of R79.4 million boosted its profitability for the six months to 30 November. A year ago, revenue gained 13%, to R18 billion, while net profit after tax gained 18%, to R431 million.
Headline earnings per share dropped 4%, to 46.20c, while basic earnings per share moved to 57.04c, from 48.17c.
Basic and core earnings per share will not be more than 20% higher than the last year, says Blue Label. It says it will provide more information as soon as it has certainty about the range by which headline earnings per share will increase.
Its annual results are expected to be released on 21 August.
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