This is how badly Cell C was losing money

Chevron

Serial breaker of phones
Joined
Oct 2, 2007
Messages
25,903
Most of that was them playing catch up with their network.
 

MickeyD

RIP
Joined
Oct 4, 2010
Messages
139,117
Non-current and current liabilities are up by R2.4 billion over the last 6 months. (R29.6 - R27.1)

Total liabilities exceed total assets by R12.2 billion.

I cannot see how Blue Label are willing to pay so much for their deal!!

 

ajules

Expert Member
Joined
Mar 23, 2010
Messages
1,863
So they pretty much broke-even for first 6 months which is a significant improvement on previous years.Their finance costs are massive and the challenge will be to start generating enough profits to invest in infrastructure rather than rely on loans.

Not seeing significant turnover growth in 2016 so not clear how they got to a break-even position this year.
 
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