South Africa - Blue Label Telecoms FY revenue up 18% to ZAR 15.3 bln.

Blue Label Telecoms said its revenues were up 18 percent to ZAR 15.3 billion for the year ended 30 May, while net profit of ZAR 391 million increased by ZAR 55 million. Operating profit rose to ZAR 475 million from ZAR 362 million. The company said the performance demonstrated continued growth in spite of the world economic downturn, with in particular its secure prepaid electronic tokens business showing resilience. The growth achieved by the group was predominantly organic. Looking ahead the group said that in its South African distribution division, revenue should continue to grow organically, not only through the existing product offering, but also through additional products that …