Blu Label Posts R4.88bn Loss After Cell C Listing

Blu Label posts R4.88bn loss after Cell C listing

Blu Label Unlimited has reported a net loss of R4.88 billion for the financial year ended 31 May 2026, with the restructuring and subsequent listing of Cell C weighing heavily on its reported financial performance. The result marks a sharp reversal from the R2.48 billion profit recorded in the previous financial year. Revenue also declined by 7% to R13.05 billion,... Read more → The post Blu Label posts R4.88bn loss after Cell C listing appeare…

Blu Label reports R4.9bn loss following Cell C write-down

Blu Label Unlimited has swung to a R4.9 billion loss following a major write-down of its Cell C investment, despite resuming dividend payments to shareholders. The post Blu Label reports R4.9bn loss following Cell C write-down appeared first on Business Elites Africa.

Blu Label swings to $306 million loss on Cell C write-down

Blu Label Unlimited, the distribution group Brett and Mark Levy started by selling car radios from the boot of their car in 2001, reported a full-year loss of 4.9 billion rand, about $306 million, after marking down its Cell C shareholding to what the market says the mobile operator is worth.The swing amounts to a 297% reversal on the prior year. It follows Cell C's listing last November, which valued the operator at 9 billion rand, below the fi…

Blu Label Unlimited smacked by R4.9bn Cell C write down

The company swung to a R4.9 billion full-year loss after having to write down its Cell C stake to match its listed value.