Blue Label Telecoms (JSE:BLU) News - Trading statement for the six-month period ended 30 November 2021

Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU ISIN: ZAE000109088
(“Blue Label” or “the Group”)


Trading statement for the six-month period ended 30 November 2021

Shareholders are advised that basic, headline and core headline earnings per share for the six-month
period ended 30 November 2021 will increase by more than 20% in comparison to the six-month period
ended 30 November 2020. The table below illustrates the ranges anticipated against the comparative
year:


                                                             Range           Increase to
                                         Nov 2020          Nov 2021           Nov 2021        Percentage
                                      cents per share   cents per share    cents per share     Increase
 Earnings per share                          49.92       59.70 – 61.70       9.78 – 11.78     20% – 24%

 Headline earnings per share                 40.96       60.04 – 61.68      19.08 – 20.72     47% – 51%
 Core headline earnings per share            42.70       61.83 – 63.54      19.13 – 20.84     45% – 49%



Core headline earnings for the period ended 30 November 2021 amounted to R549 million, of which
R548 million related to continuing operations and R1 million to discontinued operations. Core headline
earnings amounted of 62.69 cents per share.

In the comparative period, core headline earnings amounted to R376 million, of which R351 million
related to continuing operations and R25 million to discontinued operations. Core headline earnings
amounted to 42.70 cents per share.

On exclusion of non-recurring income of R148 million in the current period and R22 million in the prior
period, core headline earnings from continued operations increased by R71 million from R329 million to
R400 million and core headline earnings per share from continuing operations increased by 22% from
37.35 cents per share in the prior period to 45.68 cents per share. This growth was indicative of a robust
trading performance by the Group during the period under review.

On exclusion of the non-recurring income in both the current and prior periods, earnings per share and
headline earnings per share from continued operations increased by 24% to 43.69 cents per share and
23% to 43.85 cents per share respectively.


Sandton
16 February 2022

Sponsor: Investec Bank Limited

Date: 16-02-2022 02:32:00
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