Letshego revises profits after P118m tax bill

Friday, March 16, 2018

Letshego Holdings’ after-tax profits for the year ended December 31, 2017 have been adjusted downwards by 8.6% after the pan-African microlender incurred a P118.3 million tax bill dating back to 2014.

Letshego had cautioned investors about the possible tax bill when it initially published its year-end results on March 5. This week, the microlender revealed that year-end profits were now P681.3 million from the initially stated P745.4 million, after finalisation of the tax liability.

Letshego also adjusted its net asset value down 4.1% due to the tax bill.

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Letshego revises profits after P118m tax bill

Letshego Holdings’ after-tax profits for the year ended December 31, 2017 have been adjusted downwards by 8.6% after the pan-African microlender incurred a P118.3 million tax bill dating back to 2014.

Stanbic pretax profits up 11%

The audacity to be a unicorn

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