Cell C shrinking losses

[Jan]

Encouraging signs at Cell C

Blue Label Telecoms has released its financial results for the six months ended 30 November 2024, revealing slight revenue growth for Cell C.

Blue Label Telecoms is Cell C's largest shareholder. It holds a total economic interest of 63.19% in Cell C, with 49.53% of the shareholder voting rights.

 

[blowdart18]

Um how does this make sense ...... R149.2 > R3.37

"The mobile operator also reported a net loss after tax of R149.2 million, which is a significant reduction over the R3.37 million loss reported for the same period in 2023."

 

[now05ster]

Yet they still can't fix their network congestion in my area for my tower, with calls struggling to connect.

And I'm a schmuck for not porting. Lol.

 

[richjdavies]

Um how does this make sense ...... R149.2 > R3.37

"The mobile operator also reported a net loss after tax of R149.2 million, which is a significant reduction over the R3.37 million loss reported for the same period in 2023."

Must be another afrikaans decimal point..

Cell C technically insolvent – but it has a plan

Despite a rebranding and turnaround efforts, Cell C’s financial performance remains weak, with flat revenue, continued losses, and increasing debt to Blue Label.

dailyinvestor.com

(should be 337 not 3.37!)

 

[Gadget Man]

It supposed to be R3.37billion