BTCL Banks On Mobile Revenues For Growth

Monday, July 04, 2016

BTCL shares results announcement.PIC: KAGISO ONKATSWITSE

Botswana Telecommunications Corporation Limited (BTCL) is optimistic that revenues from its mobile operations will drive its growth by four percent in the coming financial year. This is after the corporation has recorded a loss in the 2015/2016 financial year.

BTCL recorded a loss of P371million in the year ended March 2016 from P147 million profit that was recorded in the past financial year.

The loss was attributed to an impairment exercise performed during the year 2016 which represented a write-down of some property, plant and equipment due to technology changes, which is in line with global trends.

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BTCL Banks On Mobile Revenues For Growth

Botswana Telecommunications Corporation Limited (BTCL) is optimistic that revenues from its mobile operations will drive its growth by four percent in the coming financial year. This is after the corporation has recorded a loss in the 2015/2016 financial year.

Athletics likely to go solo at Olympics

Amidst BFA fights, Sebego raises hand for presidency

Chiefs puzzled by docking of points

Fitness trainer, Zongwane breaks barriers

Khawa dangles largest payout

Ex-badminton official maintains innocence

Kwa Nokeng Oil sponsors young biker with P120,000

Kwa Nokeng Oil sponsors young biker with P120,000

Routine child vaccination imperative