Turnstar records strong growth despite challenges

Tuesday, December 20, 2016

End is near: The construction works at Game City mall are nearing completition

Property investment company, Turnstar Holdings Limited has reported strong growth in revenue and operating profit for the 2016 financial year, despite intensified competition and volatile consumer demand.

Revenue for the year ended January 31, 2016 grew by five percent from the prior year to P247.6 million, while operating profit increased by 23% from the prior year to P182.7 million in the period under review.

Commenting in the group’s annual report for 2016, managing director, Gulaam Abdoola said they continued to post pleasing results for the year, despite challenging market conditions.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Jwaneng Galaxy returned to winning ways in the Botswana Premier League (BPL) after defeating BDF XI 2-1 at the National Stadium this afternoon to tighten their grip at the top of the standings. PIC BPL

Win propels Galaxy five points clear

Larona Makhaiza | 9 h ago

Mobile money reaches P26bn

Mbongeni Mguni | 13 h ago

BAC forges path in Data Intelligence

Phatsimo Kapeng | 14 h ago

ODC gives BNOC P500,000 for Olympics

Calistus Kolantsho | 15 h ago

Gaothusi's new crown not influenced by public criticism - Miss Botswana

Larona Makhaiza | 15 h ago

GIS opens P76million facilities

Kabelo Boranabi | 15 h ago

Local BSE firms up P900m in Q1

Mbongeni Mguni | 19 h ago

Kgale Spar reopens after blaze

Staff Writer | 1d ago

Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

The Monitor Editor | 15 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More