Barclays Plummets On Poor Profits
Monday, February 17, 2014
On Tuesday, Barclays revealed sombre results indicating a 34% drop in after-tax profits to P295.8 million, five percent fall in net interest income to P1.15 billion, and a 58% jump in impairments.
While analysts had earlier said investors had already priced in the expected weaker results ahead of their unveiling on Tuesday, subsequent trade on the Botswana Stock Exchange revealed further disappointment among shareholders. Barclays’ share price dropped 16% last year with investors unimpressed with the weaker interim performance and lack of a substantive CEO. The bank’s counter dropped another 4.4 percent in January.
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...