Higher costs widen BotswanaPost losses

According to the parastatal’s financial results contained in the 2015 annual report, the loss is attributed to a 38 percent rise in cost of sales, which went up from P202 million to P277 million. Revenue also went up by 18 percent from P308 million to P366 million recorded in the 2015 financial year.

The rise in the cost of sales was driven predominantly by electricity sales, mail conveyance and some new costs due to an enhancement of service to several lines of business including social service and CMS Contracts.