A day after falling 8% on the back of interim results published by Cell C, Blue Label Telecoms shares again took a battering on Wednesday after the group published full-year results.
Author: Duncan McLeod
Duncan McLeod
Duncan McLeod is editor of TechCentral.
Shares in Blue Label Telecoms, which owns 45% of Cell C, fell by 8% on Tuesday after the mobile operator reported half-year results to 30 June 2018 that showed a net loss after tax of R645-million.
About 2.5 million people have browsed through the Black catalogue to date, Cell C said of its video entertainment platform on Tuesday alongside its half-year results to 30 June 2018.
Cell C has reduced its net loss after tax in the first half of the 2018 financial year by 33% to R645-million on the back of an 11% improvement in service revenue to R6.9-billion.
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Adapt IT has reported a 14% improvement in headline earnings per share for the year ended 30 June 2018 on the back of a 36% growth in turnover, much of which flowed through from the acquisition of Micros.
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