Stanchart forecast higher propfits

Monday, July 14, 2014

Standard Chartered Bank Botswana has announced that its results for the six-months period ended June 30, 2014 will be significantly higher than the previous corresponding period.

In a statement to the Botswana Stock Exchange, the bank said that the higher earnings will be a result of receipt of revenue originally budgeted for later in the year. As a result the bank has advised its shareholders to exercise caution when dealing in the securities of the company until the results are announced.

The bank expects the performance trajectory to normalise by the end of the year. In the year ended December 2013, the bank’s revenue passed the P1billion mark to deliver double-digit profit after tax growth of 15 percent over 2012.

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Stanchart forecast higher propfits

Standard Chartered Bank Botswana has announced that its results for the six-months period ended June 30, 2014 will be significantly higher than the previous corresponding period.