Cell C announced that it has achieved profitability for the financial year ending May 31, 2025, marking a significant turnaround in its financial performance. The news was revealed in the annual results released by its owner, Blue Label Telecoms. While the mobile operator reported a net profit after tax of R2.2 billion, it remains technically insolvent.
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Cell C stated that its improved performance is a direct result of its ongoing transformation strategy, which focuses on a “capex-light” model and strategic partnerships. The company highlighted several key growth metrics for the 2024/25 financial year:
- Net revenue…