JSE-listed e-token distributor Blue Label Telecoms this morning reported that a once-off confidential “other” income receipt of R79.4 million boosted its profitability for the six months to 30 November.
Reporting its interim results, the company said the “disclosure of the source and circumstance of the payment are prohibited by a confidentiality agreement”.
Revenue increased by 7% during the period, to R9.2 million, while headline earnings per share increased 44%, from 25.45c to 36.74c per share. Stripping out the once-off income receipt of R79.4 million, headline earnings growth was 8%.
Blue Label stated that gross profit increased by R71 million, to R590 million, while earnings before interest, taxes, depreciation and amortisation increased by 47%, to R438 million, which includes the once-off confidential transaction.
It added that cash generated from operations - in SA, Europe, India and Mexico - amounted to R795 million. “After the buy-back of Microsoft's 12% interest in the group, for R391 million, a dividend payment of R107 million and other finance and capital expenditure activities, cash resources increased to R2.3 billion.”
On the local front, the company saw revenue generated from the sales of physical and virtual prepaid airtime, commissions on the distribution of prepaid electricity, and compounded annuity revenue generated from starter packs.
The increase in revenue was predominantly volume driven in all of these components, it stated.
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