JSE-listed Blue Label Telecoms expects to report double-digit increases in earnings for the year ended May 31, when it publishes its results on August 24.
The company anticipates a 20% to 22% rise in headline earnings per share (HEPS) to between 98.71c and 100.36c for the year under review, as well as a 19% to 21% hike in core HEPS to between 101.28c and 102.98c.
Earnings per share are expected to come in some 18% to 20% higher at 102.49c to 104.23c for the 2016 financial year.
In a trading update to shareholders, Blue Label attributed the increase to organic growth, an expanded customer base supported by an enhanced bouquet of products and services and operational cost containment.
Edited by: Creamer Media Reporter
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